EcoMotors gets $32.5 million in new funding round, including money from Bill Gates

EcoMotors Closes US $32.5 Million Series C Braemar Energy Venture leads round, along with Bill Gates and Khosla Ventures Allen Park, MI and New York, NY, July 10, 2012 – EcoMotors International, developer of the efficient, clean, lightweight, powerful opoc® engine, announced today that it has completed its Series C round with a new investment totaling US $32.5 million, led by Braemar Energy Ventures. Existing investors Bill Gates and Khosla Ventures also participated in the round. To date, EcoMotors has raised more than $66 million. The funding will allow EcoMotors to expand its research and development capability in support of growing the Company's already robust intellectual property base and moving to the next stage of opoc® diesel engine development with two important customers, Navistar and Zhongding Holding Group. The new capital will also enable EcoMotors to acceler...

Full article: http://green.autoblog.com/2012/07/13/ecomotors-gets-32-5-...

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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates [link]
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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates [link]
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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates [link]
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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates: Filed under: Emerging Techno... [link]
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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates [link]
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EcoMotors gets $32.5 million in new funding round, including money from Bill Gates [link]