IdleAir completes $7M financing round

Truck stop electrification company IdleAir has completed a $7 million round of financiGREENING+TRUCK+STOPS(2).jpgng that will be used to expand the Knoxville company’s national network.
The company plans to add parking spaces at heavily used existing locations and add new service sites along major highways, CEO Ethan Garber said in an interview Tuesday.

“We’re looking at doubling up sites at some of our locations in southern Texas,” Garber said ” … We also want to continue to expand our footprint for better corridor service.”

IdleAir provides heating and air conditioning, electricity, Internet services, and satellite TV to truckers who don’t want to idle their engines. By turning off their engines drivers save on fuel and maintenance costs and reduce emissions.

IdleAir operates more than 1,600 electrified parking spaces spread across 30 locations in 12 states. The company expects to add five new locations by the end of this year and another 15 locations in 2013. IdleAir service locations are at Pilot Flying J, Love’s, Sapp Brothers and other travel centers.