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. - Website
http://www.achatespower.com - Transaction Type
Venture Equity - Transaction Amount
$35,200,000 - Transaction Round
Series C - 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). - M&A Terms
- Venture Investor
Sequoia Capital - Venture Investor
RockPort Capital - Venture Investor
Madrone Capital Partners - Venture Investor
InterWest Partners - Venture Investor
Triangle Peak Partners
