EcoMotors International, developer of the opoc engine, says it has completed its latest round of investment, totaling $32.5 million. Braemar Energy Ventures led the funding, joined by existing investors Bill Gates and Khosla Ventures.
The capital will be targeted toward an expansion of research and development capabilities to support ‘the next stage of opoc diesel engine development’ with Navistar and Zhongding Holding Group. The funding will also enable the company to accelerate the development of gasoline versions of opoc for use in cars, light trucks, hybrids and extended-range electric vehicles.
The proprietary Opposed-Piston-Opposed-Cylinder technology can result in as much as a 50% reduction in both fuel consumption and greenhouse gas emissions, EcoMotors says. The company is developing multi-fuel opoc engines, including a compressed natural gas (CNG) model.