Loading...
Loading...
repowr-to-enhance-digital-equipment-marketplace-with-raised-funds
repowr-to-enhance-digital-equipment-marketplace-with-raised-funds

REPOWR to enhance digital equipment marketplace with raised funds

0

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.

... to continue reading you must be subscribed

Subscribe Today

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...