Enerpulse raises $5M for vehicle fuel efficiency
Electric car startups aside, there’s still plenty of room for improving the traditional cars we all grew up with. Among the many parts that go into a car, relatively few have been optimized over the years, leaving plenty of room for startups to innovate.
Enerpulse chose to work on improving spark plugs, the part that ignites the fuel in internal combustion engines. A more efficient design can help to save fuel; Enerpulse says it provides about 6 percent fuel savings.
The $5 million funding is the company’s second, and will go toward expanding retail sales of the plugs. It was provided by Robeco, which is a subsidiary of the European-based Rabobank Group. Enerpulse has taken $10.5 million in total, with its first funding coming from Sail Venture Partners and Altira Group.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.