LiquidPiston raises $1.75M for new internal combustion engine
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… Continue Reading