Tech Company Financing Transactions
Achates Power Funding Round
On 10/9/2013, Achates Power landed $35.2 million in Series C financing from InterWest Partners, Madrone Capital Partners and RockPort Capital.
Transaction Overview
Company Name
Announced On
10/9/2013
Transaction Type
Venture Equity
Amount
$35,200,000
Round
Series C
Investors
RockPort Capital (David Prend)
Sequoia Capital (Gregory McAdoo)
Proceeds Purpose
The Series C funding and Industry Advisory Board formation will help accelerate Achates Power's product development and commercialization efforts. It will also provide additional support for the company's customers, including its contract with AVL to develop the Next-Generation Combat Engine for the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC).
Company Information
Company Status
Private & Independent
Industry
Clean Tech
Mailing Address
4060 Sorrento Valley Blvd.
San Diego, CA 92121
USA
San Diego, CA 92121
USA
Phone
Website
Email Address
Overview
Achates Power, Inc. has developed radically improved internal combustion engines that increase fuel efficiency, reduce GHG emissions and are lower cost.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Crompton
Chief Technical Officer
Fabien Redon
Vice President
Gerhard Regner
Vice President
Dnyanesh Sapkal
VP - Bus. Development
Larry Fromm
VP - Bus. Development
CJ Kalebjian
VP - Finance
Carol Mottershead
VP - Operations
John Major
VP - Operations
Jerome Paye
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