Friday, 26 December 2014
Last updated 1 day ago
Jan 12 2009 | 4:43am ET
Venture capital firm NGEN Partners and Robeco’s clean technology private equity arm has provided $20 million for new transmission technology pioneered by Fallbrook Technologies.
San Diego-based Fallbrook said it’s completed the first close of a $24.5 million financing round, its first venture-financed round. The bulk of the investment came from NGEN’s third fund, NGEN III, and Robeco’s Clean Tech Private Equity funds. Windstone Capital Partners provided advisory support.
Previous Fallbrook fundraising has been through private equity investment.
Fallbrook will use the new capital to continue the commercialization of its NuVinci continuously-variable planetary transmission, which Fallbrook says improves performance and increases fuel efficiency.
"We're convinced that NuVinci technology, already commercialized for bicycles, can revolutionize a wide range of cleantech market segments," said Steven Parry, managing director of NGEN. "The investment in Fallbrook reflects our commitment to help companies who are leading the way to a more sustainable energy future."
Parry and Robeco’s Keimpe Keuning will join Fallbrook’s board of directors as part of the investment deal.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.