Fuel-efficient diesel engine maker EcoMotors raises $5.25M
EcoMotors, a company that was unveiled earlier this year at the Detroit Auto Show, raised $5.25 million in its first round of funding, according to peHUB. The raise from Khosla Ventures was reported when the company launched, but the amount was not disclosed.
The diesel engines EcoMotors hopes to commercialize will be smaller, lighter and more fuel-efficient than the standard diesel engines used today, which rely on a decades-old design. EcoMotors isn’t the only alternate diesel design on the horizon; there’s also Achates Power, backed by Sequoia Ventures.
Neither company has fully revealed the specifications or technology behind its motors yet.
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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.