Achates Power Receives $7,075,000 Series B Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f87e918-df3d-47b1-89f9-cc4674a21419&Preview=1 -
Date
1/8/2010 -
Company Name
Achates Power -
Mailing Address
4060 Sorrento Valley Boulevard San Diego, CA 92121 -
Company Description
With a focus on first principles, the Achates Power team, consisting of carefully selected Engineers and Scientists from the world’s leading companies, places great emphasis on analytical modeling calibrated with empirical test results.To fabricate and test its products, the team uses its state-of-the-art machine shop, its full-service fuel and instrumentation labs, its computer cluster with nearly 60 cores and its completely instrumented dynamometer. -
Website
http://www.achatespower.com -
Transaction Type
Venture Equity -
Transaction Amount
$7,075,000 -
Transaction Round
Series B -
Proceeds Purposes
Achates is developing a radical new design for a high-efficiency two-stroke automotive engine. -
M&A Terms
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Venture Investor
Triangle Peak Partners -
Venture Investor
Sequoia Capital -
Venture Investor
Rockport Capital Partners -
Venture Investor
Madrone Capital Partners -
Venture Investor
InterWest Partners
