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Achates Power

Description

Manufacturer of internal combustion diesel engines designed to increase fuel efficiency. The company's internal combustion diesel engines is use to reduce greenhouse gas emissions and are lower cost, enabling customers to use these engines to run passenger and commercial vehicles.

2004

Founded

PRIVATE

Status

51-200

Employees

Grant

Latest Deal Type

$9M

Latest Deal Amount

$100M

Total Amount Raised

Description

Manufacturer of internal combustion diesel engines designed to increase fuel efficiency. The company's internal combustion diesel engines is use to reduce greenhouse gas emissions and are lower cost, enabling customers to use these engines to run passenger and commercial vehicles.

Website:

www.achatespower.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Automotive

Other Industries

Machinery (B2B)

Primary Office

4060 Sorrento Valley Boulevard San Diego, CA 92121United States +1 (858) 535-9920
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Achates Power Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Achates Power Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Achates Power Investors (9)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
InterWest PartnersVenture CapitalMinority000 0000000 0000
Leader VenturesLender/Debt ProviderMinority000 0000000 0000
Madrone Capital PartnersPE/BuyoutMinority000 0000000 0000
National Advanced Mobility ConsortiumOther000 0000000 0000
RockPort CapitalVenture CapitalMinority000 0000000 0000
InterWest Partners Venture Capital
Leader Ventures Lender/Debt Provider
Madrone Capital Partners PE/Buyout
National Advanced Mobility Consortium Other
RockPort Capital Venture Capital

Achates Power Executive Team (15)

NameTitleBoard
Seat
Contact
Info
David JohnsonPresident, Board Member & Chief Executive Officer
John KoszewnikChief Technical Officer
James Lemke Ph.DChief Scientist, Board Member & Founder
Carol MottersheadVice President, Finance and Administration
Larry FrommVice President, Global Business and Strategy Development
David Johnson President, Board Member & Chief Executive Officer
John Koszewnik Chief Technical Officer
James Lemke Ph.D Chief Scientist, Board Member & Founder
Carol Mottershead Vice President, Finance and Administration
Larry Fromm Vice President, Global Business and Strategy Development

Achates Power Board Members (9)

NameRepresentingRoleSinceContact
Info
Dain DeGroffTriangle Peak PartnersCo-Founding Partner & President000 0000
David PrendRockPort CapitalCo-Founder & Managing General Partner000 0000
Frank MacherSelfBoard Member000 0000
Gary ConvisSelfBoard Member000 0000
Gregory McAdooSequoia CapitalBoard Member000 0000
Dain DeGroff Co-Founding Partner & President Triangle Peak Partners
David Prend Co-Founder & Managing General Partner RockPort Capital
Frank Macher Board Member Self
Gary Convis Board Member Self
Gregory McAdoo Board Member Sequoia Capital
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