Wednesday, October 9, 2013

Achates Power Raises $35.2M More

San Diego-based Achates Power--which is developing technology it says radically improves the internal combustion engine--has raised $35.2M more for its efforts, the company said Tuesday, bringing its total raised to nearly $90M. The company said its Series C funding came from Sequoia Capital Partners, RockPort Capital Partners, Madrone Capital Partners, InterWest Partners and Triangle Peak Partners. Achates Power says its technology increases fuel efficiency and reduces greenhouse gas emissions, and already has a contract to help develop next generation, tank engines for the U.S. military. More information »

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