REPOWR, a virtual community and digital marketplace that monetises the supply-chain’s underutilised equipment via B2B equipment rentals, has been boosted by a $4.2m funding round.
The Alabama-based company earlier this month (25th March) confirmed the capital boost as a result of a Seed funding round led by Koch Disruptive Technologies (KDT), with participation from Perot Jain Alliance, Plug and Play Venture Group, and a number of other investors.
REPOWR targets gas distributors with inactive, stagnant trucks, tube/cryogenic trailers, bulk tanks, microbulk, cylinder gases, and high-end welding equipment as well as other ‘vital assets’ and connects them with industry counterparts in need.
Further to that, the company also strategically targets vendors in the rental-leasing space to provide increased visibility and real-time availability to their equipment inventory.
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