CO.LAB invests $100K into five new start-ups for the “Sustainable Mobility Accelerator”
Each start-up will get an initial $20,000 investment with the potential for additional funding.
The Company Lab (CO.LAB) and gener8tor announced the selection of five start-ups for the second Sustainable Mobility Accelerator cohort. The five were selected through a competitive application process with 132 applications from 19 different countries.
Each chosen start-up will get an initial $20,000 investment with the potential for additional funding of up to $100,000 and pilot programs tailored to Chattanooga’s technology ecosystem.
“As part of EPB’s mission to support more economic opportunity in our local economy, we’re proud to support CO.LAB in working with these promising companies,” said EPB’s Chief Executive Officer (CEO) David Wade. “Each of these companies reflects strong positive potential for developing products and services that could support the growth of Chattanooga’s existing industries. And, at the same time, we would welcome any of these start-ups to locate operations in our community and become a local employer.”
Meet the Spring 2024 cohort:
- SensFlo (La Jolla, California) offers a software-as-a-service production optimization platform that is redefining efficiency in the metal and plastic manufacturing industries.
- WEAV3D (Norcross, Georgia) is tackling global carbon emissions in the transportation and built environment with inexpensive, high-performance, lightweight materials.
- RueData (Mexico City, Mexico) is a software-as-a-service solution for transport fleet tire management. Clients like Cemes, Heineken, and JBS have seen up to 30% reduction in tire costs with RueData.
Tasia Malakasis - Moduly (Montreal, Quebec) is reducing peak energy consumption and carbon emissions with a plug-and-play home battery storage solution.
- Motoring Labs (Indianapolis, Indiana) leverages advanced computer vision technology to extract actionable insights in real-time from commercial fleet and warehouse traffic for clients in the logistics sector.
“The opportunity to match the top mobility startups with Chattanooga’s world-renowned resources is always incredibly exciting,” said CO.LAB’s CEO Tasia Malakasis. “Our goal is to not only help these founders gain unparalleled experiences in Chattanooga, but to fully integrate them as the next up-and-coming technology business in the Southeast.”
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