Energy efficient engine developer Achates motors on with $19.2m funding

Achates Power, based in San Diego, California, designs and develops opposed-piston engines and is now testing its 4.2-litre four-cylinder engine, which it claims rivals conventional engines nearly twice its size.

Dain DeGroff, founding partner at new investor Triangle Peak and now board ember of Achates, said, “We believe that one of the solutions to our future energy needs is to do more with less. Achates Power is a novel company with innovative technologies that do just that. We are confident in the company’s ability to deliver a revolutionary engine that breaks barriers in fuel efficiency, power density and cost. We look forward to using our technical background and finance experience in connection with the Achates board and current investors to help Achates grow and succeed.”

Triangle Peak focuses on the technology, energy, and alternative energy sectors and manages over $300m.

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