seeing green

Houston SaaS startup on a mission of decarbonizing public transportation secures SBIR grant

ReVolt Battery Technology Corp. is based out of the University of Houston Innovation Center. Photo via revoltbatterytechnology.com

A Houston company that's electrifying public transportation secured a SBIR Phase 1 award from the Department of Transportation.

ReVolt Battery Technology Corp., software-as-a-service company based out of the University of Houston Innovation Center, received the award. The company did not disclose the monetary value of the funding, but indicated that the grant will support ReVolt's "research on reducing auxiliary power consumption in battery electric buses," according to a statement from the company.

"ReVolt stands out as one of only 23 small businesses across the United States to be selected in this highly competitive process, which focuses on creating innovative infrastructure for safe and secure transportation," reads the statement.

The company's software technology platform consists of charging infrastructure, electric vehicle scheduling, fleet digital twin, and greenhouse gas reduction and estimation.

The company was founded in 2021 by Jan Naidu and, according to Crunchbase, has raised $200,000 in pre-seed funding.

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A View From HETI

Spring-based Arroyo Investors has purchased Whirlwind Energy Center in Amarillo, Texas. Photo by Sam LaRussa on Unsplash.

Spring-based private equity firm Arroyo Investors has teamed up with ONCEnergy, a Portland, Oregon-based developer of clean energy projects, to buy a 60-megawatt wind farm southeast of Amarillo.

Skyline Renewables, which acquired the site, known as the Whirlwind Energy Center, in 2018, was the seller. The purchase price wasn’t disclosed.

Whirlwind Energy Center, located in Floyd County, West Texas, comprises 26 utility-scale wind turbines. The wind farm, built in 2007, supplies power to Austin Energy.

“The acquisition reflects our focus on value-driven investments with strong counterparties, a solid operating track record, and clear relevance to markets with growing capacity needs,” Brandon Wax, a partner at Arroyo, said in a press release. “Partnering with ONCEnergy allows us to leverage deep operational expertise while expanding our investment footprint in the market.”

Arroyo focuses on energy infrastructure investments in the Americas. Its portfolio includes Spring-based Seaside LNG, which produces liquefied natural gas and LNG transportation services.

Last year, Arroyo closed an investment fund with more than $1 billion in total equity commitments.

Since its launch in 2003, Arroyo has “remained committed to investing in high-quality assets, creating value and positioning assets for exit within our expected hold period,” founding partner Chuck Jordan said in 2022.

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