Achates Power Receives $35,200,000 Series C Funding

  • Feed Type
  • Date
    10/9/2013
  • 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.
  • Website
    http://www.achatespower.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $35,200,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    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).
  • M&A Terms
  • Venture Investor
    Sequoia Capital
  • Venture Investor
    RockPort Capital
  • Venture Investor
    Madrone Capital Partners
  • Venture Investor
    InterWest Partners
  • Venture Investor
    Triangle Peak Partners

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