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Aperia Technologies Receives Venture Capital Debt

Monday, August 10, 2015 5:47:00 AM PDT | VentureDeal
   Burlingame, California  --  Tire technology company Aperia Technologies has landed $1.6 million in new venture capital debt investment, according to an SEC regulatory filing.

Aperia has developed technology that automatically inflates a tire based on its rotational motion to maintain optimal tire pressure.

The benefits to vehicle owners are that the technology helps to increase miles per gallon, reduce blowouts and extend tire life.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

Aperia is still seeking $1.4 million in additional debt financing, according to the filing.

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