Idealab X
Assembly Line
Intramotev Receives Investment From Idealab X to Accelerate Development of Autonomous and Zero-Emissions Freight Rail Technologies
Intramotev, a technology company developing autonomous zero-emissions rail solutions, announced that it has closed investment from Idealab X, the early stage venture capital fund. The infusion of capital will accelerate the development of Intramotev’s commercial demonstration vehicle and proprietary rail autonomy software. The technology has promise to disrupt traditional rail as well as applications within mining, ports, and intermodal freight movement.
Allen Morgan, a storied investor with 40-years of investing in successful Silicon Valley startups and member of the Idealab Studio board of directors, will join the Intramotev board. Casey Cathcart, founder and CEO of Cathcart Rail, a leading freight rail services and transportation company that employs 800 people nationwide, has joined Intramotev as a strategic advisor.