Fallbrook Technologies Secures $35,000,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddfc83d2-81d9-425c-aeda-ef3460a3193a
Date
12/6/2013
Company Name
Fallbrook Technologies
Mailing Address
2620 Brushy Creek Loop Cedar Park, TX 78613
Company Description
Fallbrook Technologies is a research and development company manufacturing advanced transmission systems.
Website
http://www.fallbrooktech.com
Transaction Type
Debt
Transaction Amount
$35,000,000
Transaction Round
Undisclosed
Proceeds Purposes
Fallbrook will use most of this to continue development and licensing on its NuVinci transmission, which it says is a greener and more fuel-efficient transmission technology for cars, trucks, and other types of vehicles.
M&A Terms
Venture Investor
White Oak Global Advisors