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Achates Power

Achates Power
2004 FOUNDED
PRIVATE STATUS
51-200 EMPLOYEES
Series D1 LATEST DEAL TYPE
$29.8M LATEST DEAL AMOUNT
$130M TOTAL AMOUNT RAISED
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.

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Machinery (B2B)
Other Industries
Automotive
Primary Office
4060 Sorrento Valley Boulevard
San Diego, CA 92121
United States

+1 (858) 535-9920
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Achates Power Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC (Series D1) 06-Oct-2017 $29.8M $130M 00000 Completed Generating Revenue
6. Grant 01-Dec-2015 000 00000 Completed Generating Revenue
5. Grant 31-Mar-2015 0000 00000 Completed Generating Revenue
4. Later Stage VC (Series D) 05-Sep-2014 000.00 00000 000.00 Completed Generating Revenue
3. Later Stage VC (Series C) 09-Oct-2013 000.00 000.00 000.00 Completed Generating Revenue
2. Early Stage VC (Series B) 02-Dec-2009 $19.2M $42.2M $52.5M Completed Startup
1. Early Stage VC (Series A) 24-Jan-2008 $23M $23M $169M Completed Startup
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Achates Power Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series D1 0,000,000 00.000000 00 00.0 00.0 00 00.0 00.000
Series D 0,000,000 00.000000 00 00.0 00.0 00 00.0 00.000
Series C 00,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series B 186,042 $0.001000 $54.07 $54.07 1x $54.07 0.58%
Series A 47,863 $0.001000 $280 $280 1x $83.32 0.5%
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Achates Power Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
InterWest Partners Venture Capital Minority 000 0000 000000 0
Leader Ventures Lender/Debt Provider Minority 000 0000 000000 0
Madrone Capital Partners PE/Buyout Minority 000 0000 000000 0
National Advanced Mobility Consortium Other 000 0000 000000 0
Oil and Gas Climate Initiative Venture Capital Minority 000 0000 000000 0
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Achates Power Executive Team (16)

Name Title Board
Seat
Contact
Info
David Johnson President, Chief Executive Officer & Board Member
John Koszewnik Ph.D Chief Technology Officer & Board Member
James Lemke Ph.D Founder & Chief Scientist
Andrew Schreck Senior Marketing Manager
John Major Jr. Regional Vice President, Midwest Operations
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Achates Power Board Members (13)

Name Representing Role Since Contact
Info
David Johnson Achates Power President, Chief Executive Officer & Board Member 000 0000
David Prend RockPort Capital Board Member 000 0000
Eric Haskel Madrone Capital Partners Board Member 000 0000
Frank Macher Self Board Member 000 0000
Gary Convis Self Board Member 000 0000

4 Former Board Members

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