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Achates Power Lands New Venture Capital Funding

Wednesday, October 07, 2009 5:30:00 AM PDT | VentureDeal Staff

San Diego, California  --  Clean technology company Achates Power has secured $12.125 million in a new round of venture capital investment. 

Achates is developing engine technologies that help them to deliver better fuel efficiency at lower cost.

Investors in the round were not disclosed, nor was how the company intends to use the funding proceeds.

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