SC Launch awards $300K investment to Piedmont-based Viatec
February 23, 2024
PIEDMONT, SC – Viatec, a Piedmont-based company that offers “plug-and-play” electronic power take-off systems, has received a $300,000 investment from SC Launch, the investment affiliate of South Carolina Research Authority (SCRA). The investment will support Viatec’s innovative electrification solutions, which aim to lower fuel and maintenance costs, reduce emissions, and create cleaner and quieter worksites.
Viatec’s product line includes SmartPTO, SmartPX, and SmartAPU, which are designed to eliminate constant diesel idling in large vehicles such as EMS trucks and maintain power and temperature in tractor-trailer driver cabins. These solutions address the urgent need for sustainable and environmentally friendly alternatives in the auxiliary power industry.
“Viatec is an exemplary company offering innovative and sustainable products and services,” said SCRA President and CEO Bob Quinn. “Their superior customer service rounds out a company positioned for continued growth in the auxiliary power industry.”
Viatec has been a member company of SCRA since 2017 and a portfolio company of SC Launch Inc. since 2018. Over the years, the company has received several grants and investments from SC Launch, including a $25,000 project development fund grant, a $46,000 demonstration grant, and $450,000 in investments.
This recent $300,000 investment will allow Viatec to further enhance its product line and expand its market reach. The company’s electrification solutions have significant potential to transform various industries by improving efficiency, reducing carbon emissions, and increasing cost savings.
With the support of SC Launch, Viatec will be able to accelerate its growth and continue providing sustainable solutions that benefit the environment and promote clean energy initiatives. The investment also reflects SC Launch’s commitment to fostering economic development and innovation in South Carolina.
Viatec’s advancements in electrification technology align with the global push towards sustainable practices and reducing dependence on traditional fossil fuels. The company’s solutions offer a viable path towards a greener future, and the investment from SC Launch validates the value and potential of Viatec’s offerings.
As the demand for eco-friendly alternatives continues to rise, Viatec is well-positioned to capitalize on this growing market. The company’s electric power take-off systems provide a reliable and efficient way to reduce emissions and lower operating costs for various industries.
By investing in Viatec, SC Launch recognizes the importance of supporting cutting-edge technology and sustainable solutions. The partnership between SC Launch and Viatec highlights the collaborative efforts to drive economic growth and create a more environmentally conscious business landscape in South Carolina.
As Viatec continues to expand its operations and product offerings, it will contribute to the growth of the clean energy sector in the state. The company’s commitment to innovation and sustainable practices will serve as an inspiration for other businesses to adopt green technologies and contribute to a more sustainable future.
The $300,000 investment from SC Launch is a significant milestone for Viatec and another testament to the company’s potential in the growing market of electrification technology. With the support of SC Launch and other industry partnerships, Viatec is poised to make a lasting impact in reducing carbon emissions and promoting sustainable practices across various sectors.
