The calculator determines fleets’ overall fuel and maintenance savings with electric trailer adoption
Range Energy (Range), the hardware company bringing powered trailers to the commercial trucking market, today announced the launch of its operational expenditure (OpEx) savings calculator for commercial fleet owners and operators. The first-of-its-kind online calculator captures and analyzes unique data points from fleets, including the price they pay for diesel fuel, baseline fuel efficiency, current electricity costs, and miles driven per year to determine overall maintenance, fuel, and electricity savings from the implementation of electric powered trailers within their existing fleets. Preliminary third-party testing data and early customer pilots have shown Range’s electric trailers generate fuel efficiency gains of nearly 40 percent, 300 miles of full assist range, and can cut NOx emissions by up to 70 percent.
Range’s electric powered trailers allow fleets to immediately progress towards their electrification goals as the equipment is compatible with all diesel-powered tractors today as well as future electric semis. The OpEx calculator underscores the critical addition of Range’s technology to today’s fleets as it can uniquely measure and compare the way each fleet operates today and how implementing electric trailers can enable fuel, electricity, and maintenance savings.
“Range’s trailers are a futureproof investment as they’re cost effective and deliver emissions improvements today that will only enhance over time,” said Ali Javidan, CEO and founder, Range Energy. “The OpEx calculator is a valuable resource that puts critical data into the hands of fleet owners and operators to better comprehend the cost and efficiency benefits they can achieve today. Our trailers are built to serve as an accelerant for the electric transition, meeting fleets’ immediate needs and long-term ambitions.”
The OpEx calculator is the most recent example of Range’s progression and maturation, and comes on the heels of $23.5 million in new financing from Trousdale Ventures, UP.Partners, R7, and Yamaha Motor Ventures. In the last year Range has also debuted its first powered 53' dry van, completed third-party testing with MVTS showing 36.9 percent fuel efficiency, launched its Dealer Advisory Council with top commercial OEM dealers, and became the first trailer electrification platform eligible for California’s Clear Off-Road Equipment (CORE) voucher incentive project.
About Range Energy
Range Energy (Range) accelerates the electrification of commercial transportation via powered trailers for the heavy duty truck market. With a solution that can easily hook up to any tow vehicle, Range’s powered trailers offer offroad mobile power, and can rapidly ease the transition to electrification and meet its commercial partners' immediate needs and long-term ambitions. Range was founded in 2021 and is led by a team with deep EV industry expertise from Tesla, Zoox, Honda, and more. The company is backed by leading investors including Trousdale Ventures, UP.Partners, R7, Yamaha Motor Ventures, and more. For more information, visit: https://range.energy/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240305218188/en/
Contacts
Media:
Kate Gundry
range@pluckpr.com
617-797-5174
