FlowBelow completes first major trucking company contract

Nov 3, 2014
Austin Business Journal

After five years of development, aerodynamic systems maker FlowBelow Aero Inc. reached its first major deal to supply its product to a 1,200 semi-tractor trucking company in New Mexico

Executives at Austin-based FlowBelow said the deal with Mesilla Valley Transportation Inc. is expected to raise the company's profile in the trucking industry and lead to other business

"It's such a big validation for us because of how well known (MVT) is by other trucking companies," FlowBelow President Josh Butler said Friday

FlowBelow Aero, founded in 2009 and led by Butler and Kyle Walker, develops wheel covers and products to improve the aerodynamics of vehicles such as tractor-trailers, saving operators fuel costs in the process. It employs 11 workers

The product costs $1,800 to outfit one vehicle. But the cost is lower in larger orders, Butler said

The 1,200 FlowBelow Tractor aerokits bought by Mesilla Valley Transportation is expected to reduce the fleet's fuel consumption by more 300,000 gallons of diesel per year while, saving the company more than $1 million annually, according to MVT officials

FlowBelow has raised investment capital of more than $2 million since launching. The two main investors are the Central Texas Angel Network and the Aggie Angel Network, he said

In April, FlowBelow reported raising $120,000 of a planned $249,440 financing from two investors

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