Synopsis
Voltify, a US-Israeli startup, has secured $30 million in funding. This investment will accelerate the development of their innovative platform. It allows rail operators to switch from diesel to electric power without massive infrastructure upgrades. The company aims to significantly cut CO₂ emissions from rail operations by 2035.Voltify was founded by Daphna Langer and Alon Kesse
The round was co-led by venture capital firm Aleph and global mining company Fortescue , with participation from additional strategic investors like Menomadin, in addition to J-Impact, The Dock and E44
In the United States alone, the six largest rail operators spend roughly $11 billion every year on diesel fuel, Voltify said
Installing overhead wires across rail networks would require more than $1 trillion in infrastructure upgrades, making it financially unrealistic for most operators, it said
Voltify's platform, it said, combines battery-powered locomotives, dynamic fast-charging technology, and a network of renewable-powered microgrids deployed along rail routes
By 2035, the company said it aims to reduce more than 50 million tons of CO₂ emissions annually from rail operations alone.
