Fuel-efficient diesel engine maker EcoMotors raises $5.25M

EcoMotors, a company that was unveiled earlier this year at the Detroit Auto Show, raised $5.25 million in its first round of funding, according to peHUB. The raise from Khosla Ventures was reported when the company launched, but the amount was not disclosed.

The diesel engines EcoMotors hopes to commercialize will be smaller, lighter and more fuel-efficient than the standard diesel engines used today, which rely on a decades-old design. EcoMotors isn’t the only alternate diesel design on the horizon; there’s also Achates Power, backed by Sequoia Ventures.

Neither company has fully revealed the specifications or technology behind its motors yet.

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Tags: deal