Asset Manager

Updated:

Neology

Neology, led by Bradley Feldmann, has shipped 130M transponders and operates 5,000 toll lanes with AI-driven enforcement tools for transport agencies...

Neology logo

Neology

Neology brings a holistic solution of carbon-free energy solutions for mobile and stationary application, with a focus on commercial transportation, starting with heavy-duty transportation. The proposed solution utilizes ammonia as an energy carrier, taking benefits from its inherent properties: carbon-free, high volumetric energy density, long-lasting storage capability, scalability factor, acceptance by the industrial sector, ease of deployment, and existing infrastructure. Neology is developing a thermochemical ammonia cracking device transforming ammonia into hydrogen as feedstock for fuel cells, aiming at unlocking the full potential of ammonia to become a future carbon-free energy carrier.

General information

Firm type

Asset Manager

Year founded

1993

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Carlsbad

Corporate office

Carlsbad, CA, United States

Additional offices

Amsterdam, Netherlands

Principals

Bradley H. Feldmann

Chairman & CEO

Jeffrey Lowinger

Chief Operating Officer

Aaron Moser

Chief Financial Officer

Sector focus

Mobility & TransportationInfrastructureAI/MLReal Estate

Frequently asked questions

How does Neology generate revenue if it isn't a traditional asset manager?

Neology does not raise or manage third-party capital. It earns revenue through long-term operations-and-maintenance contracts, toll-system hardware sales, and revenue-share arrangements with government transportation agencies. Its mobility platform also generates recurring software revenue from tolling-as-a-service deployments.

Which government agencies rely on Neology's enforcement technology?

Publicly confirmed clients include the Georgia Regional Transportation Authority for its I-75 Express Lane facility and Denmark’s Sund & Bælt, which used Neology’s ANPR framework for the Great Belt and Øresund crossings. The Plenary Group has also deployed Neology equipment on express-lane projects in Colorado.

Who runs investment decisions at Neology?

Neology does not operate an investment committee like a family office or fund; it is an operating company. Strategic capital allocation—such as the development of its neoRide mobile-payments application and its recent AI-driven tolling push—is led by Chairman and CEO Bradley Feldmann alongside CFO Aaron Moser and the board.

How is Neology structurally different from a toll-road concessionaire?

Neology does not own toll-road concessions. It supplies the enforcement hardware, toll-collection systems, and integrated software that concessionaires and state DOTs need to operate. This makes it a technology-and-services vendor layered on top of publicly and privately owned infrastructure, rather than a principal investor in the roads themselves.

What is Neology's known geographic footprint in Latin America and EMEA?

The firm operates dedicated in-region teams across both Latin America and EMEA, with General Manager Enrique Martinez de Velasco overseeing LATAM and Managing Director James Riley running EMEA. The Amsterdam office serves as its European base, while the firm’s Denmark enforcement contract demonstrates active EMEA deployment.

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