Achates Power Receives $7,075,000 Series B Financing Round

  • Feed Type
  • 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
  • Venture Investor
    Triangle Peak Partners
  • Venture Investor
    Sequoia Capital
  • Venture Investor
    Rockport Capital Partners
  • Venture Investor
    Madrone Capital Partners
  • Venture Investor
    InterWest Partners

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