The truck-mounted aero device helps reduce drag, improve stability, and increase fuel efficiency by 3-6%, saving more than 1,100 gallons of fuel and 15,000 pounds of carbon dioxide emissions for each diesel truck per year. It also helps extend the range of electric and hydrogen vehicles, according to the companies.
Under the terms of their agreement, TruckLabs will become a wholly owned subsidiary of ConMet.
“TruckLabs’ innovative TruckWings product is an ideal addition to ConMet’s portfolio,” John Waters, ConMet president, said in a news release. “Their technology, which has been proven through 750 million logged highway miles, aligns well with our goal of providing OEMs and fleets with forward-thinking, profitable solutions to improve fuel efficiency and reduce carbon emissions.”
ConMet’s investment will facilitate the continued growth of TruckWings, which the commercial vehicle components supplier reports has enjoyed 250% year-over-year growth while helping fleets save money, meet climate goals, and achieve emissions compliance.
Through TruckWings’ telematics technology, every mile is tracked to provide real-time reporting. The data show the product has saved a total of 80 million pounds of carbon dioxide since its launch in 2015, TruckLabs said.
“ConMet is the perfect partner to introduce our product to a wider customer base, and adds much needed scale to our manufacturing capabilities,” said Daniel Burrows, TruckLabs founder and CEO. “Together, my team and I are excited to join with ConMet to supercharge our impact on our customers’ fuel costs and climate goals.”