Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Range Energy’s Trailer Electrification Platform Measures 36.3 Percent Fuel Economy Improvements as Tested by MVT Solutions

2023-11-17 22:16
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov 17, 2023--
Range Energy’s Trailer Electrification Platform Measures 36.3 Percent Fuel Economy Improvements as Tested by MVT Solutions

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov 17, 2023--

Range Energy (Range), the company bringing powered trailers to the commercial trucking market, today announced preliminary third-party testing results showing its technology enables up to 36.9 percent fuel efficiency gains (+3.25 MPG) for semi-trucks. Testing was conducted on a 25.5-mile urban/highway loop at approximately 59,000 lbs. GVW and 60 MPH top speeds across multiple scenarios including stop/go and steady-speed portions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231117992127/en/

Range Energy (Range), the company bringing powered trailers to the commercial trucking market, today announced preliminary third-party testing results showing its technology enables up to 36.9 percent fuel efficiency gains (+3.25 MPG) for semi-trucks. Testing was conducted on a 25.5-mile urban/highway loop at approximately 59,000 lbs. GVW and 60 MPH top speeds across multiple scenarios including stop/go and steady-speed portions. (Photo: Business Wire)

The fuel economy testing conducted by Mesilla Valley Transportation Solutions (MVTS), a company that provides breakthrough testing and design and development services for the trucking industry, demonstrates meaningful progress towards rapidly reducing the emissions of the commercial trucking sector as well as helping fleet operators meet emerging emissions reductions targets and bring down their cost-per-mile regardless of their duty cycle.

“Achieving 36.3 percent efficiency improvements proves to the trucking industry how important and overlooked trailers are to enhancing efficiency and lowering emissions for our industry. Range is the first electrification platform to actually prove this level of efficiency benefit, and we anticipate these numbers will only improve as we begin testing with production quality parts versus prototype components,” said Ali Javidan, CEO and Founder, Range Energy.

​“We were impressed with the Range trailer. Whether a fleet wants to reduce fuel usage or increase BEV range, this system provides unique opportunities over a traditional trailer – and by a large amount when considering it achieved 36.3% fuel savings. Our drivers also liked the Range trailer; reporting it pulled easier and felt lighter. Naturally, there is a trade-off with electric charging and additional weight so it may not suit every fleet but for those considering the EV direction, Range is worth talking to,” Daryl Bear, COO, MVT Solutions.

For more information please contact: sales@range.energy

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 UP Partners, R7, Yamaha Motor Ventures, and more.

About MVT Solutions

MVT Solutions, a subsidiary of Mesilla Valley Transportation, provides fuel economy testing based on race car engineering. This high-tech testing methodology can obtain accuracy up to 0.25% and accounts for such variables as wind, driver behavior and duty cycle. With over 900 fuel economy tests conducted to date, the company’s proven approach provides highly reliable and consistent data that enables trucking companies to make more informed choices and manufacturers to design and develop products backed by accurate fuel efficiency information that customers trust. MVT Solutions also provides consulting services to fleets looking to implement the right fuel-savings technologies for their operations. MVT Solutions was founded in 2016 and is based in Las Cruces, New Mexico. To learn more about MVT Solutions and for the latest in fuel efficiency news, visit www.m-v-t-s.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20231117992127/en/

CONTACT: Media

Kate Gundry

range@pluckpr.com

617-797-5174

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TRUCKING OTHER ENERGY LOGISTICS/SUPPLY CHAIN MANAGEMENT OIL/GAS TRANSPORT ALTERNATIVE ENERGY ENERGY

SOURCE: Range Energy

Copyright Business Wire 2023.

PUB: 11/17/2023 09:01 AM/DISC: 11/17/2023 09:03 AM

http://www.businesswire.com/news/home/20231117992127/en