The Bill Gates and Khosla Ventures dream team are swooping in once again to provide much-needed cash to a worthy sustainable startup. The pair recently injected millions into nuclear power startup TerraPower, and now they're back again to invest $23.5 million in EcoMotors's series B funding round.
EcoMotors builds a lightweight, high-efficiency, low-cost combustion engine that supposedly offers 50% greater fuel efficiency than similar conventional engines. The company's Opposed Piston Opposed Cylinder (OPOC) engine can be used in everything from passenger vehicles to auxiliary power supplies--anywhere traditional gas and diesel-powered engines can be found.
The Troy, Michigan-based company has an impressive history. CEO Don Runkle led GM's EV1 electric vehicle project in the mid-1990's, and CTO Peter Hofbauer designed VW's high-speed diesel engine, which ultimately developed into the Jetta Clean Diesel's engine.
To read the full, original article click on this link: Bill Gates, Khosla Ventures Inject $23.5 Million Into Engine Startup EcoMotors | Fast Company
Author: Ariel Schwartz
