REPS raises $23.6M to turn roads into power plants by harvesting energy from traffic

Tyrol energy generation startup REPS today announced a $23.6 million equity financing round to scale its Road Energy Production System, a patented “road power plant” that converts vehicle traffic into electrical energy. Its core product is a patented road power plant that installs directly into existing road infrastructure and harvests energy from trucks and cars driving over it, without disrupting traffic flow or logistics operations. Every day, enormous amounts of energy are lost through motio