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    Achates Power

    Developer of internal combustion engines designed to increase fuel efficiency and reduce greenhouse gas emissions

      Description

      Developer of internal combustion engines designed to increase fuel efficiency and reduce greenhouse gas emissions. The company's internal combustion engines are Opposed-Piston engines that are low in cost and uses the existing fuel infrastructure, enabling global original equipment manufacturers to achieve the world's most stringent current and future fuel efficiency and emissions standards, which include, EPA 2010, Euro 6 and Tier 3/LEV 3, among others, without additional cost or complexity.

      Company Status

      The company raised $29.82 million of Series D-1 funding from OGCI Climate Investments and other undisclosed investors on October 6, 2017, putting the pre-money valuation at $80 million. The funds will be used to accelerate the company's growth, commercialization and continued technology development.

      Primary Industry Sector / Group / Code
      Verticals
      Gallery
      Service Providers
      General Services
      NameType
      Hughes MarinoConsulting
      Pillsbury Winthrop Shaw PittmanLegal Advisor
      Services on a Deal
      NameType
      Pillsbury Winthrop Shaw PittmanLegal Advisor
      Keywords
      compression ignition engine, diesel engine, engine architecture, fuel economy, fuel efficiency, fuel efficiency solution, fuel efficiency technology, internal combustion engine
      General Information
      • All Industries
        Automotive, Machinery (B2B)*
      • Company Financing Status
        Venture Capital-Backed
      • Total Raised
        $129.82M
      • Business Status
        Generating Revenue
      • Ownership Status
        Privately Held (backing)
      • Universe
        Venture Capital
      • Website
        http://www.achatespower.com
      • Year Founded
        2004
      Employees
      • Employees
        100
      • Employee History
      Investors
      Active Investors
      Website faviconInterWest Partners
      Website faviconLeader Ventures
      Website faviconMadrone Capital Partners
      Website faviconNational Advanced Mobility Consortium
      Website faviconOil and Gas Climate Initiative
      Website faviconRockPort Capital Partners
      Website faviconSequoia Capital
      Website faviconTriangle Peak Partners
      Website faviconTriplePoint Capital
      Website faviconU.S. Department of Energy
      Acquirers
      Signals Summary – Growth rates
      • Growth Rate
        1.94%
      • Growth Rate Percentile
        99
      • Growth Rate Change
        -0.32%
      • Growth Rate % Change
        -13.96%
      • Web Growth Rate
        3.62%
      • Web Growth Rate Percentile
        99
      • Social Growth Rate
        0.26%
      • Social Growth Rate Percentile
        85
      • SimilarWeb Growth Rate
        13.41%
      • SimilarWeb Growth Rate Percentile
        100
      • Majestic Growth Rate
        -6.17%
      • Majestic Growth Rate Percentile
        2
      • Twitter Growth Rate
        0.26%
      • Twitter Growth Rate Percentile
        87
      Web signals
      • SimilarWeb Unique Visitors
        5
      • SimilarWeb Unique Visitors Change
        285
      • SimilarWeb Unique Visitors % Change
        6.44%
      • Majestic Referring Domains
        1
      • Majestic Referring Domains Change
        -81
      • Majestic Referring Domains % Change
        -7.33%
      Signals Summary – Size multiple
      • Size Multiple
        7.86x
      • Size Multiple Percentile
        86
      • Size Multiple Change
        -0.17x
      • Size Multiple % Change
        -2.14%
      • Web Size Multiple
        14.12x
      • Web Size Multiple Percentile
        91
      • Social Size Multiple
        1.60x
      • Social Size Multiple Percentile
        58
      • SimilarWeb Size Multiple
        6.51x
      • SimilarWeb Size Multiple Percentile
        82
      • Majestic Size Multiple
        21.74x
      • Majestic Size Multiple Percentile
        93
      • Twitter Size Multiple
        1.60x
      • Twitter Size Multiple Percentile
        59
      Social media signals
      • Facebook Likes
        536
      • Facebook Likes Change
        1
      • Facebook Likes % Change
        0.19%
      • Twitter Followers
        577
      First Financing
      • First Financing Date
        January 24, 2008
      • First Financing Size
        $23.00M
      • First Financing Size Status
        Actual
      • First Financing Valuation
        $169.16M
      • First Financing Valuation Status
        Actual
      • First Financing Deal Type
        Early Stage VC
      • First Financing Deal Type 2
        Series A
      • First Financing Deal Class
        Venture Capital
      • First Financing Status
        Completed
      Last Financing
      • Last Financing Date
        October 6, 2017
      • Last Financing Size
        $29.82M
      • Last Financing Size Status
        Actual
      • Last Financing Valuation
        $109.82M
      • Last Financing Valuation Status
        Actual
      • Last Financing Deal Type
        Later Stage VC
      • Last Financing Deal Type 2
        Series D1
      • Last Financing Deal Class
        Venture Capital
      • Last Financing Status
        Completed
      Location
      Get Directions
      Primary Contact
      Headquarters
      • HQ Location
        4060 Sorrento Valley Blvd, San Diego, CA 92121, USA
      • HQ Address Line 1
        4060 Sorrento Valley Boulevard
      • HQ City
        San Diego
      • HQ State/Province
        California
      • HQ Post Code
        92121
      • HQ Country
        United States
      • HQ Phone
        +1 (858) 535-9920
      • HQ Email
        info@achatespower.com
      • HQ Global Region
        Americas
      • HQ Global Sub Region
        North America
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