Transonic Combustion Completes New Round of Venture Funding
CAMARILLO, Calif.--In its mission to dramatically improve fuel economy and cut carbon emissions, today Transonic Combustion, Inc. announced that it has raised a C-round of equity funding. Transonic will use the capital to further advance its patented technology, expand its technical team and facilities, and continue collaborating with global automotive manufacturers.
Existing investors Venrock, Khosla Ventures, Rustic Canyon Partners and Saints Capital have all deepened their support of Transonic. “Transonic has developed a revolutionary approach to improving internal combustion engine efficiency that could change the automobile industry forever,” said Ray Rothrock, partner, Venrock.
“We’re at a pivotal time of increased regulations and consumer demand for efficient, affordable cars,” added Vinod Khosla, founding partner, Khosla Ventures. “Transonic’s technology offers a high-impact, near-term clean technology solution to promote energy independence and climate change mitigation.”
“Transonic’s innovative technology, unique market position, and enormous commercial promise hold broad economic, environmental, and social impact,” said Lee Bailey, advisory partner, Rustic Canyon Partners.
Transonic Combustion is on course to directly supply global automotive manufacturers with its high efficiency fuel injection systems. Transonic’s TSCi™ fuel injection system has demonstrated extraordinary fuel economy and lower emissions, while also running gasoline effectively within diesel architectures. To date, testing on several different engine platforms with multiple customers and multiple fuels has regularly achieved air-to-fuel ratios in excess of 80:1 at cruise conditions, with engine-out NOx at just 50% of comparable standard engines. These promising results have led to significant engagement with leading global automotive and engine makers.
“Our team is developing a fundamental, cost-effective improvement in internal combustion efficiency,” said Brian Ahlborn, CEO, Transonic Combustion. “We appreciate the continued support of our investor group in helping us meet our very ambitious goals.”
In addition to investor backing, Transonic has secured support from the Michigan Economic Development Corporation and plans to expand its presence into Southeast Michigan.