# Achates Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/achates-power

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: San Diego, US
- Website: www.achatespower.com
- Total disclosed funding: $67M
- Latest round: Series C (Oct 9, 2013)
- Investors on record: 5

## About

Achates Power, Inc. develops advanced opposed-piston engine technology aimed at reducing emissions and enhancing fuel efficiency for heavy-duty applications, including trucks and military vehicles.Achates Power, Inc. is focused on creating innovative engine solutions through its opposed-piston engine technology. Founded in 2004 in San Diego, US by James Lemke, the company has completed 4 funding deals, with the most recent being a Series D round in October 2017, raising USD 29.82 mn from the Oil and Gas Climate Initiative. The total amount raised by the company to date is USD 29.82 mn.Achates Power specializes in innovative engine solutions, focusing primarily on its line of opposed-piston (OP) engines. These engines are designed to significantly reduce CO2 and criteria emissions while enhancing fuel efficiency for a variety of applications, including heavy-duty trucks, military vehicles, and power generation. The OP engine technology enables reductions of NOx by up to 90% and aligns with Tier 4 Final emission standards, making them suitable for compliance with stringent federal and state regulations. Achates Power's core offerings target leading engine manufacturers and military applications, showing a clear commitment to providing sustainable, high-efficiency engine solutions. The geographical markets for these products extend beyond the U.S. to include various international markets where emission regulations are becoming increasingly stringent.Achates Power's revenue model is structured around licensing agreements, partnerships, and direct sales of its patented engine technologies and associated development tools. The company collaborates with prominent engine manufacturers, providing them with the necessary designs and software to integrate Achates' OP engine technology into their existing product lines. Each transaction typically involves contractual agreements that detail the terms of technology licensing, development support, and potential royalties based on the sales of integrated products. The firm aims to generate revenue through these partnerships while providing high-value solutions that meet evolving market needs, particularly in the heavy-duty truck and military sectors. The focus on strategic collaborations with established companies allows Achates Power to leverage its advanced technologies effectively and expand its market reach.Achates Power is focused on developing new products that enhance the performance and efficiency of their engine technology. The company aims to expand into new geographic markets with stricter emission regulations, although specific regions and timelines have not been disclosed. The recent Series D funding of USD 29.82 mn will support these initiatives, particularly in product development and market entry strategies.

## Funding rounds

- Series C, Oct 9, 2013, $35M — InterWest Partners, Hong Shan, RockPort Capital Partners, Madrone Capital Partners, Triangle Peak Partners
- Series B, Jan 8, 2010, $19M — InterWest Partners, Hong Shan, RockPort Capital Partners, Madrone Capital Partners, Triangle Peak Partners
- Series A, Oct 5, 2009, $12M — InterWest Partners, Hong Shan, RockPort Capital Partners, Madrone Capital Partners

## Investors

- InterWest Partners (https://capitalatlas.ai/funds/interwest-partners) — Series A, Series B, Series C
- Hong Shan — Series A, Series B, Series C
- RockPort Capital Partners (https://capitalatlas.ai/funds/rockport-capital-partners) — Series A, Series B, Series C
- Madrone Capital Partners — Series A, Series B, Series C
- Triangle Peak Partners (https://capitalatlas.ai/funds/triangle-peak-partners) — Series B, Series C