Khosla, Gates Lead Investment In EcoMotors
Vinod Khosla and Menlo Park-based Khosla Ventures, plus Microsoft founder Bill Gates, have put their weight behind a Michigan firm developing an alternative to the traditional, gasoline engine. According to Michigan-based EcoMotors International, both Khosla and Gates are backing the firm in its Series B funding round. Amount of the investment was not disclosed. EcoMotors says it has a replacement which offers 50 percent greater fuel efficiency than conventional engines, and is half the weight and size of conventional engines.
posted on Monday, July 12, 2010 (Link to more information)
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