Source: Boston Business Journal
Author: Jackie Noblett
A Holliston company has big plans to capitalize on stringent air-emissions standards for diesel engines and is receiving new attention from investors because of it.
Rypos Inc., a 12-year-old technology development firm, announced its first round of outside financing last week — an $8 million Series A financing from Los Angeles cleantech investor Craton Equity Partners. The announcement comes on the heels of Rypos’ doubling of manufacturing space in Holliston earlier this year.
The company makes a device that attaches to a diesel engine’s exhaust system and filters particulate matter out before it is expelled into the air. Company officials say a move by the California Air Resources Board and others to force companies to cut their diesel emissions creates a huge market for its technology.
“We’ve been experiencing pretty rapid growth in the past few months and, recognizing to support the growth we needed to scale operations, we decided to seek out outside funding,” said Peter Bransfield, Rypos president and CEO.
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