Intramotev Secures $14M in Series A Round

Intramotev, a St. Louis-based innovator in autonomous, battery-electric railcars, has successfully raised $14 million in Series A funding. This significant investment will accelerate the deployment of its cutting-edge rail technology.

• Funding Details: The funding round was co-led by Flybridge Capital Partners and Alpaca VC, with participation from Advantage Capital, Cathcart Rail, Aera VC, Band Venture Partners, Cantos, Collide Capital, Decisive Point, and Idealab.

• Company Overview: Intramotev, founded in 2020 by Tim Luchini, PhD, Corey Vasel, and Alex Peiffer, is dedicated to transforming freight movement with autonomous, zero-emission rail vehicles.

• TugVolt and Revolt: The company’s TugVolt and Revolt technologies are advanced battery-electric railcars designed to transport freight without traditional locomotives.

• Features: These railcars operate independently like trucks, are suitable for point-to-point routes, and can be integrated with the existing 140,000-mile rail network without requiring additional infrastructure.

• Impact Goals: Intramotev’s technology aims to reduce diesel locomotive use and enhance asset utilization, making the U.S. rail freight industry more sustainable and efficient.

Intramotev’s autonomous railcars promise to transform the future of freight transportation by cutting emissions and optimizing logistics.