LiquidPiston raises $1.75M for new internal combustion engine

July 23, 2007 | Matt Marshall

LiquidPiston, a Cambridge, Mass. company developing a new internal combustion engine (ICE) said it has raised a $1.75 million first round of capital from Adams Capital Management.

See the company’s statement here.

Earlier this year, the company announced a $70,000 Phase I grant from the Army Small Business Innovation Research (SBIR) program. The company is led by immigrant physicist Nikolay and his son Alexander Shkolnik, a graduate student in MIT’s engineering school.

It will use the financing to build and test a working prototype, it said.

Here’s what it boasts:

With an architecture that is inherently scaleable from lawnmowers to locomotives and efficiencies that may someday put the 100 mile per gallon automobile within reach, LiquidPiston hopes to breathe new life into the ICE business.

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Tags: deal

About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.