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by Jeff St. John
GreenTech Media
July 10, 2012
Greening the world’s transportation fleet will take a host of technologies, and they’re not all powered by electricity. There are plenty of VC-backed startups trying to improve the efficiency of the good old internal combustion engine.
One of them, EcoMotors, announced a $32.5 million Series C round on Tuesday to turbo-charge its efforts. Braemar Energy Ventures led the round as a new investor, and was joined by previous investors Khosla Ventures and Bill Gates. The new round brings the Allen Park, Mich.-based startup’s total investment to about $66 million.
