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Achates Power

Description

Developer of Opposed-Piston internal combustion engines designed to increase fuel efficiency and reduce greenhouse gas emissions. The company's engines are lower cost and use the existing fuel infrastructure enabling engine manufacturers and their 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

Developer of Opposed-Piston internal combustion engines designed to increase fuel efficiency and reduce greenhouse gas emissions. The company's engines are lower cost and use the existing fuel infrastructure enabling engine manufacturers and their 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 (16)

NameTitleBoard
Seat
Contact
Info
David JohnsonPresident, Chief Executive Officer & Board Member
John KoszewnikChief Technical Officer
James Lemke Ph.DFounder, Chief Scientist & Board Member
Andrew SchreckSenior Marketing Manager
Carol MottersheadVice President, Finance and Administration
David Johnson President, Chief Executive Officer & Board Member
John Koszewnik Chief Technical Officer
James Lemke Ph.D Founder, Chief Scientist & Board Member
Andrew Schreck Senior Marketing Manager
Carol Mottershead Vice President, Finance and Administration

Achates Power Board Members (7)

NameRepresentingRoleSinceContact
Info
David JohnsonAchates PowerPresident, Chief Executive Officer & Board Member000 0000
David PrendRockPort CapitalCo-Founder & Managing General Partner000 0000
Frank MacherSelfBoard Member000 0000
Gary ConvisSelfBoard Member000 0000
Hal HarveyAchates PowerBoard Member000 0000
David Johnson President, Chief Executive Officer & Board Member Achates Power
David Prend Co-Founder & Managing General Partner RockPort Capital
Frank Macher Board Member Self
Gary Convis Board Member Self
Hal Harvey Board Member Achates Power
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