Cleantech Funds Lead $25.4 Million Investment in Fallbrook Technologies

 says in a statement that his firm’s “investment in Fallbrook reflects our commitment to help companies who are leading the way to a more sustainable energy future.”

“What they saw in us was that they were not financing some science project, but real-world, commercial applications of our technology,” Fallbrook CEO Bill Klehm told me. Closing a $25 million financing in this time of capital constraints in itself represents recognition of the technology’s potential, he added, and the transmission itself can be easily manufactured. “This device is not made of unobtanium,” Klehm says.

Fallbrook’s strategy, bolstered by approximately 300 patents or pending patents the company holds on its transmission technology, is to license its design to manufacturers in a variety of industries. And the new venture deal enables the company to expand the use of its NuVinci design for use with other types of motors in cars, tractors, military vehicles and even wind turbines, Klehm says.

The NuVinci transmission is ideally suited to improving the performance of electric motors, which are generally inefficient under loads—especially in start and stop conditions, Klehm says. He told me that incorporating Fallbrook’s NuVinci technology into an electric vehicle can lead to a 30 percent improvement in the vehicle’s range and battery life.

He also sees applications in the automotive aftermarket, especially for use with “accessory drives,” the secondary systems, such as air conditioners, that drain engine power in all vehicles. Such systems especially tax the efficiency of work vehicles like garbage trucks, military and emergency vehicles.

A garbage truck, for example, typically must speed up its engine idle to accommodate the power demand of the secondary motor that lifts trash cans from the curbside and dumps them into the truck. With a Nuvinci system on the accessory drive, Klehm says no increased engine speed is necessary—which would reduce emmissions and improve overall fuel economy.

“You could put our transmission on a 190-amp alternator and see a 34 percent improvement in energy output by the main alternator over a typical drive cycle, and a 78 percent improvment at engine idle,” Klehm says. Now, if only Fallbrook’s technology could also keep the trash from occasionally missing the truck and spilling into the street.

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.