The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Tue Dec 20, 2016
WARWICK, Rhode Island - eNow has announced it has closed on $2.36 million in Series A funding, bringing the total amount raised to date to $5.3 million. Demand for eNow's solar solutions for transportation vehicles has increased over the last year, which has spurred increased interest and support from investors.
The funding involves 20 private investors and two angel funds, Tamiami Angel Fund and Slater Technology Fund. The investment funds will be used to accelerate the adoption of eNow's products and services, including additions to its financial, sales and technical teams. In addition, Bud Stoddard, formerly with the Tamiami Angel Fund and now a venture partner with the Adrenaline Fund, will join eNow's Board of Directors.
"We are honored by the interest of the investment community in our solutions,"eNow CEO and Founder Jeff Flath says. "Our company's solutions address both environmental and practical concerns. This 'Planet and Profit' approach translates into less carbon emissions, great fuel savings and a way to deal with increased anti-idling regulations. We look forward to translating this buy-in from the investment community into even greater success in 2017."
As the market leader in designing, developing and manufacturing solar-based power systems for the commercial trucking, RV and Marine industries, eNow's solutions are known for their durability, superior power, low cost and quick return on investment. Over the past several years, eNow has made great progress within the transportation industry, including partnerships with industry leaders such as Dometic Group, Mitsubishi Fuso, Freightliner, Navistar, IdleAir and Vanner. The eNow solar solution is sold through OEMs and Aftermarket Dealers.
"With this Series A round of financing, eNow can further deploy resources to expand its market share through its exciting lineup of products," Board Member Bud Stoddard says. "eNow has the ability to transform the transportation industry with its advanced energy management systems."