Simple-Fill Secures $1.7 Million in Funding, Strengthens Partnership with Parker Hannafin
Simple-Fill, provider of innovative technology that compresses natural gas, announced it is deepening its partnership with Parker Hannifin Corporation, the global leader in motion and control technologies. The agreement will allow Simple-Fill to leverage Parker’s engineering and manufacturing capabilities to further develop and fulfill orders for its next generation CNG re-fueling technology. Simple-Fill also announced it has secured approximately $1.7 million in additional funding led by Worthington Industries and joined by Rev1 Ventures and The Ohio State University’s Carmen Innovations Fund and several angel investors.
With this financing, Simple-Fill will focus on developing its 40 GGE compressor that will reduce the time to fuel fleet vehicles 10-fold, while reducing the cost of compression, one of the most significant barriers to the widespread adoption of CNG.
“This collaboration and investment will allow us to further deliver on the promise of providing the market with a more efficient way to power the world’s vehicles,” said Rob Underhill, CEO of Simple-Fill. “The support of these powerhouse companies from Parker Hannifin to Worthington, Rev1 and Ohio State, is a pivotal moment for Simple-Fill and provides us the ability to further innovate our platform.”
Unlike conventional compression methods, Simple-Fill uses liquid to compress, cool and dehydrate natural gas, while eliminating methane leakage.
The Simple-Fill technology is already being used by the Safelite AutoGlass facility in Worthington, Ohio. The largest vehicle glass repair and replacement company is leveraging Simple-Fill to reduce operating
expense with a more predictable and environmentally friendly fuel to power their commercial fleet.