EcoMotors gets $23.5m boost from Bill Gates, Vinod Khosla
by Jeremy Korzeniewski (RSS feed) on Jul 13th 2010 at 4:02PM


Don't count out the good old internal combustion engine just yet. A number of companies are working on new engine designs that can help pick up the slack until other alternatives, like electric motors, better batteries and a hydrogen infrastructure, are ready for mass consumption. One such venture is EcoMotors International, which just got a rather large investment from none other than Bill Gates.

A total of $23.5 million was invested by the aforementioned Chairman of Microsoft along with Silicon Valley investor Vinod Khosla, who's Khosla Ventures firm reportedly owns 47 percent of EcoMotors. According to the company, its opposed piston and cylinder Opoc engine technology was developed by Peter Hofbauer, who previously headed powertrain development at Volkswagen and designed the German automaker's clean diesel technology.

EcoMotors claims that its new mill weighs 50 percent less than other internal combustion engines while using 50 percent less fuel. Planned for applications include cars, trucks and any other machine utilizing an engine. Get all the details in the press release after the break.

[Source: EcoMotors]

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