Five-year-old, Bill Gates and Khosla-backed, EcoMotors is finally commercializing its efficient engine technology. And it’s got a killer deal to do it: a $200 million plant being built by Chinese auto giant Zhongding Power.
A startup backed by Khosla Ventures called Transonic Combustion has raised another round of $32 million to deliver a more efficient internal combustion engine. How far away is a more efficient internal combustion 2.0?
The internal combustion is officially still alive, and delivering efficiency innovation.
EcoMotors, a startup building an efficient engine, has raised a $32.5 million Series C round led by Braemar Energy Ventures, and including previous investors Khosla Ventures and Bill Gates.
Here’s some sobering news out of the raucous fourth of July weekend: considering battery prices and $4.50 per gallon gasoline, it’ll take a little under 6 years for a hybrid car to pay off in fuel savings, and 8 years for an electric car.
Much of the innovation around next-gen cars focuses on electric vehicles and biofuels, but there’s a massive need for tech that can make our current cars more fuel efficient. Pinnacle Engines just emerged with just such a technology and a round of VC funding.