Voltify, a US-Israeli startup, has secured $30 million in funding to further develop its platform aimed at enabling rail operators to transition from diesel to electric power without extensive infrastructure overhauls. This investment will help the company enhance the efficiency and accessibility of rail electrification technology, potentially reshaping the landscape of environmentally-friendly transportation within the industry.
By offering a sustainable solution, Voltify is positioned to play a pivotal role in reducing CO₂ emissions associated with rail operations, with a targeted goal of substantial emission cuts by 2035. By streamlining the transition process and making it more cost-effective for rail operators to adopt electric power, Voltify’s platform underscores a significant step towards a greener future for rail transport.
Source: Tech-Economic Times