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Startup Voltify raises $30 million for rail electrification platform

ReutersMar 31, 2026 1:09 PM

JERUSALEM, March 31 (Reuters) - U.S.-Israeli startup Voltify raised $30 million in a private funding round to accelerate development of its platform to enable rail operators to transition from diesel to electric without heavy infrastructure investments, it said on Tuesday.

Voltify was founded by Daphna Langer and Alon Kesse
The round was co-led by venture capital firm Aleph and global mining company Fortescue FMG.AX , with participation from additional strategic investors like Menomadin, in addition to J-Impact, The Dock and E44
In the United States alone, the six largest rail operators spend roughly $11 billion every year on diesel fuel, Voltify said
Installing overhead wires across rail networks would require more than $1 trillion in infrastructure upgrades, making it financially unrealistic for most operators, it said
Voltify's platform, it said, combines battery-powered locomotives, dynamic fast-charging technology, and a network of renewable-powered microgrids deployed along rail routes
By 2035, the company said it aims to reduce more than 50 million tons of CO₂ emissions annually from rail operations alone

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