# LiquidPiston

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liquidpiston

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Bloomfield, US
- Website: www.liquidpiston.com
- Total disclosed funding: $13M
- Latest round: Series C (Jul 22, 2013)
- Investors on record: 2

## About

LiquidPiston, Inc. focuses on developing advanced rotary engine technology, specifically the innovative X Engine, which enhances performance and efficiency in various applications including military, aerospace, and automotive sectors.Founded in 2003 in Bloomfield, US, LiquidPiston, Inc. specializes in innovative engine solutions. The company has received funding through various rounds, including its most recent Venture Debt round in March 2019, raising USD 0.10 mn, contributing to a total of USD 1.14 mn raised. The founder, Nikolay Shkolnik, has a history of innovation in engine technologies, while Alec Shkolnik serves as the current CEO.LiquidPiston specializes in the development of advanced rotary engines, particularly the X Engine, which utilizes a patented thermodynamic cycle known as the HEHC. This technology aims to provide compact, powerful, quiet, and efficient solutions, with applications in military, aerospace, urban aircraft, drones, marine, and automotive sectors, addressing critical needs such as reduced fuel consumption and increased power output.LiquidPiston generates revenue through direct sales of its rotary engines and associated technologies across military, aerospace, and automotive markets. The sales model primarily involves B2B agreements for the flagship X Engine and potential ongoing support services, catering to government agencies, industrial manufacturers, and commercial enterprises, although specific pricing details are not publicly disclosed.Following the Venture Debt financing in March 2019, LiquidPiston plans to utilize these funds to further develop its innovative engines and expand into new markets. The company aims to broaden its reach in the military and aerospace sectors while exploring opportunities in emerging industries such as urban air mobility and drones, targeting specific growth within North America, Europe, and Asia.

## Funding rounds

- Series C, Jul 22, 2013, $6.5M — Adams Capital Management, Northwater Capital Management
- Series B, Jan 26, 2011, $5M — Adams Capital Management, Northwater Capital Management
- Seed, Jul 23, 2007, $1.3M — Adams Capital Management, Northwater Capital Management

## Investors

- Adams Capital Management (https://capitalatlas.ai/funds/adams-capital-management) — Seed, Series B, Series C
- Northwater Capital Management (https://capitalatlas.ai/funds/northwater-capital-management) — Seed, Series B, Series C