EDI Lands $3,500,000 Series A Round

  • Feed Type
  • Date
    8/1/2014
  • Company Name
    EDI
  • Mailing Address
    1702-L Meridian Ave. San Jose, CA 95125 USA
  • Company Description
    EDI aims to position itself as a global leader in advanced, high-efficiency PHEV and CVT solutions, by providing vehicle developers, manufacturers, and suppliers with highly innovative products, services, and technologies, thereby enabling them to build the most efficient and affordable HEV, PHEV, and EVs available in the market.
  • Website
    http://www.efficientdrivetrains.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $3,500,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    EDI will use its new funding to support current customer opportunities, to expand its engineering and sales organizations, facilities, and product roadmap in order to meet the growing demand for its Plug-in Hybrid and electric vehicle drivetrain solutions in the U.S. and Asia.
  • M&A Terms
  • Venture Investor
  • Venture Investor