Tech Company Financing Transactions

EcoMotors Funding Round

On 7/10/2012, EcoMotors received $32.5 million in Series C funding from Braemar Energy Ventures, Cascade Investment and Khosla Ventures.

Transaction Overview

Company Name
EcoMotors
Announced On
7/10/2012
Transaction Type
Venture Equity
Amount
$32,500,000
Round
Series C
Investors

Braemar Energy Ventures (Lead Investor) (William Lese)

Cascade Investment (William Gates)

Khosla Ventures (Vinod Khosla)

Proceeds Purpose
The funding will allow EcoMotors to expand its research and development capability in support of growing the Company's already robust intellectual property base and moving to the next stage of opoc diesel engine development with two important customers, Navistar and Zhongding Holding Group. The new capital will also enable EcoMotors to accelerate the creation of gasoline versions of opoc to meet increasing customer demand for cost effective fuel economy gains in cars, light trucks, hybrids, and extended range EVs.

Company Information

Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
17000 Federal Dr. 200
Allen Park, MI 48101
USA
Phone
(313) 294-5700
Website
www.ecomotors.com
Email Address
[email protected]
Overview
EcoMotors develops unique, fuel efficient, clean burning and quiet internal combustion engines for on-road and off-road applications.
Profile
EcoMotors LinkedIn Company Profile
Social Media
EcoMotors Company Twitter Account
Company News
EcoMotors News
Facebook
EcoMotors on Facebook
YouTube
EcoMotors on YouTube

Management Team

Title
Name
Email & Social
Chairman
Peter Hofbauer
  Peter Hofbauer LinkedIn Profile  Peter Hofbauer Twitter Account  Peter Hofbauer News  Peter Hofbauer on Facebook
Chief Executive Officer
Amit Soman
  Amit Soman LinkedIn Profile  Amit Soman Twitter Account  Amit Soman News  Amit Soman on Facebook
VP - Engineering
Iain Ridley
  Iain Ridley LinkedIn Profile  Iain Ridley Twitter Account  Iain Ridley News  Iain Ridley on Facebook
VP - Sales
Allan Wang
  Allan Wang LinkedIn Profile  Allan Wang Twitter Account  Allan Wang News  Allan Wang on Facebook

 

 

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Prev: 7/10/2012: Picard venture capital transaction
Next: 7/10/2012: BarkBox venture capital transaction

 

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