Welcoming Dr Sanjeev Khagram as an investor in addvantage Global Ltd, CEO Daniel Mitchell, commented: “To have attracted such an important figure in global management, and an expert in sustainability and start-ups to invest in addvantage is a great endorsement of the technology, the business model and our success in securing subject-to-contract trials with major hauliers”.
Daniel continues: “As Dean of a #1 ranked global business school and serial investor, Sanjeev is inundated with offers to invest in start-ups, particularly in the sustainability space. We’re thrilled he has chosen to invest in addvantage. Sanjeev has been an advisor to addvantage Global for some time and has seen first-hand how we have moved from early start-up to the brink of significant revenues”.
Commenting on his undisclosed six-figure investment, and his relationship with addvantage Global, Dr. Khagram explains “In addition to the compelling economics and return profile, what attracts me to addvantage is that it is a technology for today, not tomorrow. Widespread availability and adoption of hydrogen and electric-powered heavy-duty trucks are still a long way off. The fact that the addvantage system can deliver such significant fuel and emissions reductions with a simple retrofit to existing trucks is good news for users, the planet and for investors”.
Notes for editors
The addvantage technology can be retrofitted to any heavy-duty truck in a matter of hours. Once fitted, it delivers proven fuel-cost savings of 13% and cuts CO2 emissions by 23%.
addvantage is already successful in the UK and Europe. Having achieved VCA approval, the addvantage system now has a pipeline of orders/LOIs in the high 10s of £millions.
addvantage Global Ltd is currently raising funds from suitably qualified investors.
Dr. Sanjeev Khagram is Dean of a #1 ranked global business school and chaired Professor of Global Leadership and Entrepreneurship. He is a world-renowned scholar and practitioner in the areas of globalization, transnationalism, leadership, strategic management, entrepreneurship, social enterprise, cross-sector innovation, public-private partnerships, inter-organizational networks, good governance, transparency, the global political economy, sustainable development, human security, and the data revolution.
Dr. Khagram received all his degrees, including his PhD, at Stanford University, and was a Professor at both Stanford and Harvard Universities, as well as a technology entrepreneur. Widely published, Dr Khagram bridges the divide between politics, business and academia.
For further information, contact:
Daniel Mitchell, CEO
addvantage Global Ltd
+44 (0) 7831 858624