Tech Company Financing Transactions
EDI Funding Round
On 8/1/2014, EDI landed $3.5 million in Series A investment from Jinyuan Development Company and Shanghai Gui Guo Assets Management Partnership.
Transaction Overview
Company Name
Announced On
8/1/2014
Transaction Type
Venture Equity
Amount
$3,500,000
Round
Series A
Investors
Proceeds Purpose
EDI will use its new funding to support current customer opportunities, to expand its engineering and sales organizations, facilities, and product roadmap in order to meet the growing demand for its Plug-in Hybrid and electric vehicle drivetrain solutions in the U.S. and Asia.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1181 Cadillac Ct. 238
San Jose, CA 95035
USA
San Jose, CA 95035
USA
Phone
Website
Email Address
Overview
Efficient Drivetrains manufactures continuously variable transmissions for electric vehicle developers, manufacturers, and suppliers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Joerg Ferchau
Chief Technical Officer
Andy Frank
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About Database of VC Transactions
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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