Tuesday, December 7, 2010
Fallbrook Technologies Gets $39M
San Diego-based Fallbrook Technologies, a developer of transmission technology, said today that it has raised $39M in a Series E preferred stock placement. Fallbrook said the new round brings its total raised to approximately $95M since 2000. The new funding came from Macquarie Capital Markets Canada, Sustainable Asset Management, and Ningbo Shentong Auto Decorations Co., Ltd. Fallbrook said its prior investors NGEN Partners and Robeco also participated in the funding. The fundraising was managed by CIBC World Markets and Mackie Research Capital Corporation.
Fallbrook is developing transmission technology which is aimed at increasing fuel efficiency and vehicle performance in the auto market; the firm also markets a bicycle drivetrain, transmission technology for electric vehicles, technology for the small wind power market, and for lawn care. The firm filed for an IPO in February.More information »