REPS Raises $23.6M to Electrify Roads as Market Heads to $1.4B by 2033
What if the asphalt under a truck were already a power plant, and the only reason it isn't generating electricity right now is that nobody built the converter?
REPS, the Tyrol-based road-energy company, has announced a $23.6 million financing round to scale its Road Energy Production System, a patented road power plant that has been operating live at the Port of Hamburg since November 24, 2025. The capital is sized to take the company from a single reference site into the next deployment wave.
The $1.4B 2033 category projection - market growth area
The Hamburg deployment is the load-bearing piece of evidence. In six months of continuous operation, more than 115,000 trucks have crossed the system and generated over 6,700 kilowatt hours of electricity. The system has run regardless of weather or daylight. REPS states the converter delivers 254 times higher efficiency than dynamo-based systems and 13,000...
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