Innovation Works

For more than 20 years, Innovation Works has played a vital role in Southwestern PA's technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. They also provide resources for manufacturers to adopt new technologies.

Sophie Burkholder

Investment Associate

Gary Glausser

Chief Investment Officer

Steven Welles

Managing Director of Software

Past deals in Biofuel

Optimus Technologies

Series A in 2023
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.

Optimus Technologies

Seed Round in 2022
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.

Optimus Technologies

Convertible Note in 2018
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.

Optimus Technologies

Convertible Note in 2017
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.

Optimus Technologies

Convertible Note in 2016
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.

Optimus Technologies

Convertible Note in 2015
Optimus Technologies is a clean energy technology company located in Pittsburgh, Pennsylvania, specializing in advanced fuel systems for medium and heavy-duty truck fleets. The company manufactures the Vector System, which allows diesel engines to operate solely on 100% biodiesel. This innovative technology facilitates a seamless transition to low-carbon fuels by integrating into existing engine operations without the need for significant modifications or replacements. By enabling fleet operators to run exclusively on biodiesel, Optimus helps reduce both fuel costs and emissions, addressing the challenges of achieving emissions reductions in heavy-duty applications while meeting renewable fuel targets.
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