TransitScreen has been selected as an Energy Excelerator 2015 Company, a startup program dedicated to helping solve the world's energy challenges, starting in Hawaii. From a pool of 250 applications, TransitScreen was selected as one of eight to receive funding for their go-to market track, a revamped version of their seed program.
"We designed our product for Honolulu even before we found out about the Excelerator, and are eager to have this opportunity to gather feedback from customers and influencers and expand our efforts," said CEO Matt Caywood.
“We are excited to have TransitScreen as part of our 2015 cohort,” said Dawn Lippert, Director of the Energy Excelerator. “As the amount of transportation options continue to grow in Hawaii and the Asia Pacific, innovation in this sector will be extremely important to efficiently move growing populations.”
"We are thrilled to join Energy Excelerator's talented cohort for 2015. This grant program will allow us to further develop our technology and promote sustainable urban mobility in the gateway to Asia. There is no better market for us than Honolulu, where the traffic is third worst in the nation," said TransitScreen cofounder, Ryan Croft, in a statement.
The Energy Excelerator is specifically looking to fund new transportation, renewable energy and smart grid technologies. They help innovative companies succeed in Hawaii and the Asia Pacific with funding, strategic relationships, and a vibrant ecosystem. The Energy Excelerator program is funded by the U.S. Department of Energy and the U.S. Office of Naval Research and operates as a project of the Pacific International Center for High Technology Research (PICHTR).