Viatec, Inc., a Greenville, SC-based developer of technology that electrifies utility vehicles and more to enable zero emissions worksites, closed its Series B funding round of undisclosed amount.
The round was led by the investment group of Terex Corporation and Duke Energy.
The company intends to use the funds to scale production and make its offering more widely available to electric utility and other customers.
Founded in 2015 and led by Mark Ferri, President and CEO, Viatec has developed, patented and commercialized technology for the vocational vehicle sector for auxiliary power. The company’s flagship product is an electric power take off system (PTO) under the brand name SmartPTO™.
FinSMEs
07/02/2022