MesoMat Announces Seed Round Led by Ridgeline to Digitize the Tire and Drive Down Emissions

HAMILTON, Ontario--(BUSINESS WIRE)--MesoMat, a startup transforming tires into data-rich, connected devices, today announced it has raised a Seed Round led by Ridgeline with participation from RISC Capital, RPV Global, GTAN including the Archangel Network’s Adrenaline and Starforge Funds, Extra Innings Ventures and others. The funding will support MesoMat as the company accelerates commercialization, expands hardware production, and continues the development of its proprietary tire management platform, which helps vehicle fleets optimize performance, reduce downtime and curb carbon emissions.

“MesoMat is tackling one of the most pressing challenges in commercial trucking by bridging the gap between outdated manual processes and the data-driven insights fleets need to succeed." – Ryan Clinton, Managing Partner at Ridgeline

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“We’re excited to partner with a group of investors who share our vision for revolutionizing how fleets approach tire management,” said Paul Fowler, Co-Founder and CEO of MesoMat. “By digitizing the tire—the only part of a vehicle that touches the road—we give the vehicle a sense of touch. Through the tire, MesoMat extracts data that helps fleets manage payload, optimize routing, improve efficiency and reduce two of their largest expenses: fuel and tires.”

​​MesoMat’s technology integrates advanced sensors within tires, capturing real-time data on tread depth, tire pressure, and rubber-road interactions. Leveraging cloud-based analytics, MesoMat transforms these data streams into actionable insights that allow drivers, fleets, and service providers to track tread depth, achieve optimal tire pressure, reduce wear, and prevent costly failures. This enhanced visibility translates into improved safety, better fuel economy, and a measurable reduction in carbon emissions—critical in an industry facing steep challenges related to electrification and hydrogen infrastructure.

Among MesoMat’s customer base are several of the largest vehicle fleets in North America, leading tire manufacturers, major tire dealerships and a top global truck manufacturer.

Addressing a Large-Scale Problem

Currently, there are estimated to be over 300 million commercial tires on the road worldwide, yet most remain undigitized, limiting their potential to contribute to smarter, more efficient fleet operations. Further, with tire performance directly impacting up to 10% of a vehicle's carbon emissions, MesoMat’s solution targets one of the most significant levers for improving fuel efficiency. As full electrification and hydrogen-based solutions may still be years away, MesoMat offers a near-term strategy for the trucking and heavy-vehicle industry to trim costs and reduce emissions.

Backed by Prominent Investors

Along with Ridgeline, prominent investors such as RISC Capital, GTAN, and RPV have joined the round, underscoring confidence in MesoMat’s potential to transform tire management across industries including long-haul trucking, mining, tire manufacturing, and more.

“MesoMat is tackling one of the most pressing challenges in commercial trucking by bridging the gap between outdated manual processes and the data-driven insights fleets need to succeed,” said Ryan Clinton, Managing Partner at Ridgeline. “We believe Paul and his team have the expertise to redefine how fleets manage tire-related costs in a sector that’s overdue for modernization.”

A World-Class Team

Co-founded by Paul Fowler, whose background includes a Master’s degree in physics, research at world-leading institutes, and prior experience as the first employee at a Y Combinator–backed data-services startup, MesoMat boasts a robust team of engineers and data scientists. The company’s Co-Founder and CTO, Kari Dalnoki-Veress, is a leading expert on the physics of rubber, and recent hires bring experience in trucking and logistics—all focused on innovating the way fleets operate.

“Our mission is to digitize the tire to bring intelligence to a critical component of the global supply chain that we depend on to move goods worldwide,” added Fowler. “Whether it’s long-haul trucking, last-mile delivery, or heavy-duty mining, we want to help drive down costs, reduce downtime and cut emissions. We're proud of the product and exceptional team we’ve built to make this vision a reality.”

About MesoMat

MesoMat is on a mission to revolutionize tire management. MesoMat combines proprietary hardware with cloud based software to transform the tire into a connected device with 24/7 tracking of pressure, temperature, tread depth, vehicle load and more. MesoMat’s platform helps fleets cut costs, reduce downtime, improve safety, and meet growing environmental targets. Learn more at mesomat.com.