Business Retention & Expansion Highlight: Intramotev
SLDC and its Business Retention & Expansion (BRE) partners recently visited Intramotev, a St. Louis start-up company developing autonomous rail cars in the heart of North St. Louis.
Launched in January 2020, Intramotev has been focused on the development of its primary product, the TugVolt, a battery electric self-propelled rail car that enables freight to move with the flexibility of a truck, without breaking the existing model of rail operations.
“Rail has been the backbone of the economy for a long time, and we are confident it is here to stay,” said Timothy Luchini, PH.D., co-founder and CEO of Intramotev Autonomous Rail. “If we can give them something that has the flexibility to work in the normal rail consist and train, as well as giving them a tool to be competitive with trucks - offering that speed and flexibility at a fraction of the cost and a fraction of the environmental emissions - and deliver a more timely solution for their customer's demand, we can solve a couple of the pain points that the industry tends to suffer from.”
Why is BRE an important part of Economic Development?
Linking St. Louis companies with government and economic development officials ensures business owners, leaders and entrepreneurs know who to contact regarding opportunities or challenges. Communication between government and industry is an essential part of business growth. The economic development community of St. Louis links companies with resources, networks and solutions.
SLDC’s BRE partners include:
STL Partnership
Missouri Department of Economic Development
World Trade Center St. Louis
Ameren
Spire