Achates Power Receives $35,200,000 Series C Funding
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dd3a81bf-7487-4554-9138-ad7307899f61
Date 10/9/2013
Company Name Achates Power
Mailing Address 4060 Sorrento Valley Boulevard San Diego, CA 92121
Company Description With a focus on first principles, the Achates Power team, consisting of carefully selected Engineers and Scientists from the world’s leading companies, places great emphasis on analytical modeling calibrated with empirical test results.
Proceeds Purposes The Series C funding and Industry Advisory Board formation will help accelerate Achates Power’s product development and commercialization efforts. It will also provide additional support for the company’s customers, including its contract with AVL to develop the Next-Generation Combat Engine for the U.S. Army Tank Automotive Research, Development and Engineering Center (TARDEC).