Monday, July 12, 2010

Bill Gates Invests In Automotive Engine Firm, EcoMotors

Michigan-based startup EcoMotors International said today that it has raised funding from Bill Gates and Khosla Ventures, for the firm's development of an advanced engine technology for automobiles and other vehicles. According to EcoMotors, its Series B came from Khosla Ventures and Bill Gates, and will go towards advancing commercialization of the firm's technology. The firm claims it has a replacement which offers 50 percent greater fuel efficiency than conventional engines, and is half the weight and size of conventional engines. Amount of the investment was not announced. More information »