Optimustec

Optimus Technologies is the market leader in EPA compliant biodiesel conversion systems for medium- and heavy-duty trucks.

Business Model:

Revenue: $0

Employees: 1-10

Detailed Optimustec Information

Geographic Data

Optimustec headquarters map

Address:

City: Pittsburgh

State: PA

Zip: 15208

Country: US

Financial Info

Stage:

non equity assistance

Raised Last:

$0

Raised Total:

$3M

Metrics

7,394,272Website Global Rank

530Website Monthly Traffic

Twitter Followers

Description

Optimus Technologies® designs and builds patented EPA compliant biodiesel conversion systems (“Vector Systems”) with integrated telematics to allow medium and heavy-duty trucks to operate on up to 100% biodiesel in temperatures to -20°F. Our system is deployable within 30 days providing North American trucking fleets with the lowest cost, highest return, barrier free alternative fuel system available, allowing them a significant return on investment while achieving sustainability targets. By partnering with major industry players to leverage their capabilities, Optimus will deliver a fully integrated client solution that is rapidly scalable, creating a $279MM company by 2023. MARKET OPPORTUNITY In the U.S. there are over 10.8 million medium- and heavy-duty on-road commercial vehicles that consume 39 billion gallons of diesel fuel annually and account for 23% of transportation sector greenhouse gas emissions. , In Canada, these figures are 1.1 million, 13 billion, and 70% respectively. Fuel costs are the second largest operating expense of a fleet, after labor, accounting for roughly 40% of all costs. Fleets are aggressively seeking solutions to reduce fuel costs, even fractions of a percent, because the bottom-line impact is so substantial. Optimus enables fleets to reduce fuel costs by at least 10%, utilize domestically produced fuel and reduce greenhouse gas emissions while allowing a fleet of 100 trucks to save at least $800,000 in annual fuel costs. Of these 11.9 million trucks, approximately 3 million are currently operating on a low biodiesel blend . This early customer segment represents a beachhead market opportunity of $30 billion. WHY INVEST COMPETITIVE ADVANTAGE ACROSS ALL CATEGORIES: We are the most competitive alternative fuel system available. Directly competing technologies such as CNG, and the emerging segment of electric trucks have high barriers to entry including long lead times, high technology and infrastructure costs, and limitations on long-haul adaptability. Our infrastructure costs are at most, 10% of competing technologies. Our integrated solution is rapidly scalable, integrating seamlessly with existing equipment and infrastructure and our range equates to and can exceed diesel technology. Competitive advantage increases in relation to weight class, with Optimus easily bypassing all heavy-duty competitors. * Only Fully Integrate Alternative Fuel Solution: Fuel System, Fuel, Fueling Infrastructure * Lowest Cost Alternative Fuel System: $12,000 Fully Installed * Guaranteed Annual Cost Savings - $8,000/year/truck * Rapidly Deployable: 30 days * Achieves Sustainability Targets: GHG Emission Credit: 60-100%, Particulate Matter Reduction 40% * DPF Operating System Improvement - Improves Efficiency * Fuel Infrastructure Solved * Simple Maintenance - Fully Automated * Available for New and Used Vehicles PROVEN MANAGEMENT TEAM - Extensive experience across the transportation, renewable fuels, software and engineering sectors from start-up to leading industry players. Multiple successes founding, financing, scaling, managing, and exiting companies. PATENTED, PROVEN TECHNOLOGY - 4 patents (2 approved and 2 pending) and extensive IP surrounding proprietary engine systems’ control software. We believe our system to be the only EPA compliant biodiesel conversion system available for medium- and heavy-duty trucks. The Vector System is a proven technology in early stages of commercialization, backed by five years of research and seven years of pilot testing and development. LEVERAGE SUSTAINABILITY &a; REGULATION – There is a large and growing demand for alternatives to gasoline and diesel that is driven by regulation as well as public and private sector interest in reducing carbon and NOx emissions. The Company’s profitability and customer value proposition is not dependent upon these incentives, but we will leverage these multiple state, provincial, US and Canadian policies to further support expansion. Optimus’ system has been approved for the Government of Quebec’s Programme Ecocamionnage, providing a 30% rebate on the installed cost of the system. Similar provincial incentives will be pursued across Canada. ONLY APPROVED PATHWAY FOR HIGH BIODIESEL BLENDS UP TO B100 IN CALIFORNIA – Leveraging our RFID system to meet California fuel control requirements, Optimus’ core technology combined with our RFID fuel management system will provide our investors, distributors, and fuel partners a 2-3 year first mover advantage in California. SUPPORT AMERICAN MANUFACTURING &a; JOB CREATION – Optimus will directly create over 200 new jobs and 100% of our components are sourced from US manufacturers and suppliers. INVESTOR VALUE CREATION – $199-$279MM valuation by 2023 (5-7x EBITDA), on $12.8MM total invested capital, yielding 16-22x total investment.

Contact Phone:
+14127278228

Contact Email:

Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
11/2015 Convertible Note 1 $100k Innovation Works
Innovation Works
6/2014 Convertible Note 1 $100k Roger B
Roger B
8/2022 Seed Round 1 - Innovation Works
Innovation Works
9/2016 Convertible Note 2 $150.5k John S
Innovation Works
John S
Innovation Works
11/2013 Convertible Note 1 $50k John S
John S
11/2014 Convertible Note 1 $100k Urban Redevelopment Authority of Pittsburgh
Urban Redevelopment Authority of Pittsburgh
11/2012 Convertible Note 1 $150k John S
John S
7/2013 Convertible Note 1 $100k Roger B
Roger B
10/2014 Convertible Note 1 $50k Mike G
Mike G
3/2014 Convertible Note 1 $100k John S
John S
4/2018 Convertible Note 3 $175k John S
Protean Energy Advisors, LLC
Roger B
John S
Protean Energy Advisors, LLC
Roger B
9/2016 Convertible Note 1 $49.5k John S
John S
2/2014 Convertible Note 1 $100k Roger B
Roger B
6/2017 Convertible Note 2 $175k John S
Randy M
John S
Randy M
3/2010 Convertible Note 1 $140k Idea Foundry
Idea Foundry
3/2016 Convertible Note 2 $225k Roger B
John S
Roger B
John S
5/2009 Convertible Note 1 $132.5k Idea Foundry
Idea Foundry
3/2017 Convertible Note 1 $28.4k Roger B
Roger B
12/2014 Convertible Note 1 $100k Roger B
Roger B
10/2017 Convertible Note 1 $9.2k Cullen K
Cullen K
5/2015 Convertible Note 1 $150k Roger B
Roger B
10/2014 Convertible Note 1 $50k Innovation Works
Innovation Works
3/2015 Convertible Note 1 $150k John S
John S
4/2017 Debt Financing 1 $3.4k Idea Foundry
Idea Foundry
11/2017 Convertible Note 1 $49.5k Innovation Works
Innovation Works
5/2014 Convertible Note 1 $150k Roger B
Roger B
12/2015 Convertible Note 1 $125k Roger B
Roger B
5/2017 Convertible Note 1 $100k John S
8/2017 Convertible Note 1 $100k John S
John S
6/2018 Convertible Note 1 $100k Innovation Works
Innovation Works
2/2016 Convertible Note 1 $75k Roger B
Roger B
6/2021 Non Equity Assistance 1 - AcceliCITY powered by Leading Cities
AcceliCITY powered by Leading Cities
4/2011 Debt Financing 1 $10k Idea Foundry
Idea Foundry
2/2018 Convertible Note 3 $162.5k John S
Protean Energy Advisors, LLC
Roger B
John S
Protean Energy Advisors, LLC
Roger B
4/2017 Convertible Note 1 $18.1k John S
John S
12/2017 Convertible Note 1 $100k Urban Redevelopment Authority of Pittsburgh
Urban Redevelopment Authority of Pittsburgh
6/2021 Non Equity Assistance 1 - AcceliCITY powered by Leading Cities
AcceliCITY powered by Leading Cities
Announced Date Name Price

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