EcoMotors Revs Its Engine With $23.5 Million Series B Funding From Bill Gates And Khosla Ventures
July 12, 2010 at 13:47 PM EDT
EcoMotors announced today a $23.5 million series B funding round from Khosla Ventures and Bill Gates that the company will use to build and test its eco-friendly engine, known as an Opposed Piston Opposed Cylinder (OPOC) engine. EcoMotors makes engines that run on diesel or gasoline but have greater power density, weigh less and produce lower carbon emissions than conventional engines. OPOC engines are being developed for passenger vehicles, as well as for commercial vehicles, aerospace and power generators.