Industry: Sustainable Transportation Location: Newport, RI Funding Stage: Seed to $10 million
We know the future of cars and trucks is electric, but what happens with all those other vehicles that are still running well?
There are 25 million half-ton pickup trucks on the road right now whose only problem is that they run on gasoline. Everyone has decided that, to save the planet, transportation vehicles need to go electric. But sending 25 million vehicles to the junkyard doesn’t seem very environmentally friendly or economical (especially for their owners).
Today, we meet Tom Storey and his EV startup Conversion Centers which aims to repurpose those gas-guzzling vehicles for a fraction of what they would cost to replace.