Truck stop electrification company IdleAir has completed a $7 million round of financing 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.”
Apparently there is hope after bankruptcy for Knoxville-based IdleAire.
The provider of truck stop electrification services for long-haul truck drivers is making progress in its comeback, according to a story posted today on etrucker.com, a website that follows the trucking industry.
Citing officials with IdleAire’s parent company, Convoy Solutions, etrucker.com reports: ” … they are attempting to reopen as many original sites as possible and are researching opening new locations. They do not expect to open all sites that were previously operated.”
The envelope, please. The winner of the 2010 Back From The Dead Award is … IdleAire Inc.!
Yuo remember IdleAire, previous winner of the Bad Timing Award.
Perhaps it’s premature to pick the comeback company of the year, but you have to give IdleAire CEO Mike Fielden and unnamed investors credit for having massive quantities of chutzpah.
Check out News Sentinel business writer Ed Marcum’s story here.
Will a scaled back version of the eco-friendly business be successful this time? I try to be optimistic in this things, but this is asking a lot of my good nature. Let’s check back at the end of the year.
IdleAire Web site says new investors are looking to revive the company.
Not that I’m skeptical, but can this be true? Are there more people willing to lose more money?
Best wishes to anyone willing to take a chance, but seeing is believing.
Check out News Sentinel stories here and here and one more.