Fallbrook Technologies Inc Obtains $25,400,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fef0cfa8-c693-46de-8652-a5ce7ce9ad15&Preview=1 -
Date
1/12/2009 -
Company Name
Fallbrook Technologies Inc -
Mailing Address
9444 Waples St San Diego, CA 92121 -
Company Description
Fallbrook Technologies Inc. (Fallbrook) is a research and development company manufacturing advanced transmission systems.Fallbrook’s core technology is its traction-based, NuVinci® transmission – a continuously variable planetary (CVP) drive ideally suited for applications in virtually any mechanical device that has a transmission, or requires speed variation. The Company currently holds over 200 patents and pending applications worldwide.
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Website
http://www.fallbrooktech.com -
Transaction Type
Venture Equity -
Transaction Amount
$25,400,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The investment will enable Fallbrook to continue the commercialization of its NuVinci continuously variable planetary (CVP) transmission, and to accelerate the development of advanced technologies. -
M&A Terms
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Venture Investor
NGEN Partners -
Venture Investor
Robeco Clean Tech Private Equity -
Venture Investor
Undisclosed
