Transonic Combustion Drives Growth With a $32 Million Series D Closing
(firmenpresse) - CAMARILLO, CA -- (Marketwire) -- 11/07/12 -- Transonic Combustion Inc., a company focused on developing a high efficiency fuel injection system for internal combustion engines, announced today that it has closed a $32 million Series D Round of funding.
"This $32 million round of financing puts Transonic Combustion on strong footing to continue to execute, deliver and expand development of our product and meet customer commitments," said Wolfgang Bullmer, CEO and President of Transonic Combustion. "Already achieving early customer successes, this funding will ensure we continue to accelerate advancement of our core product and capitalize on the growing demand for increased fuel efficiency and emission reductions."
Founded in 2006, Transonic Combustion's TSCi™ fuel injection systems provide global automotive manufacturers with high efficiency fuel delivery technology for their modern engine platforms. The company is backed by Venrock, Khosla Ventures, Rustic Canyon and Saints Capital. Transonic Combustion is headquartered in Camarillo, California. For more information, visit .
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Datum: 07.11.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 1168237
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