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Idle Smart Wins $125K in Investment through Energy Venture Program

Local startup Idle Smart has won $125,000 in investment as part of the Energy: US 2016 venture development program.

The money was provided by Village Capital, the New Belgium Family Foundation and Sustainable America. The companies that participated in the three-month Energy: US program voted on who should receive funding, and Idle Smart came in first.

The company sells a device that measures the temperature inside the truck and will automatically turn on the engine when necessary. The solution can cut a truck’s idle time to 600 hours annually. Through fuel savings alone, many customers see a payback on the cost of their Idle Smart devices within 12 to 18 months.

“Idle Smart’s fleet efficiency and remote management platform helps fleets prevent vehicle downtime due to dead batteries and extreme cold and also helps reduce overnight idle time,” said Jeff Lynch, president and founder of Idle Smart.

“Village Capital provides access to a wealth of resources and the best business minds in an intensive yet collaborative environment, which is critical as we manage the growth of our business.”

Thinking Bigger Business Media previously featured Idle Smart, which is based in Kansas City, Kansas, as a Company to Watch. You can read that story here.