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Home > Press > KLD Energy Technologies Secures $1 Million in Funding: New Motor System Uses Innovative Nano Composite Material to Increase Efficiency

Abstract:
Austin-based KLD Energy Technologies, Inc., developers of a high-performance electric motor system technology, announce the completion of a $1 million financing round from a private investment group. The company leveraged the Series A funding to further develop its high-frequency, low RPM, transmissionless motor system designed to increase the speed and efficiency of electric vehicles.

KLD Energy Technologies Secures $1 Million in Funding: New Motor System Uses Innovative Nano Composite Material to Increase Efficiency

Austin, TX | Posted on January 16th, 2009

"We've been working to produce a new type of motor system technology to increase the responsiveness, speed and functionality of electric motors," said Christian Okonsky, founder and CEO of KLD Energy Technologies and its subsidiary, KLD Motors America, Inc. (KMA). "This initial round has enabled us to take the system from concept to prototype and demonstrate its capabilities."

KLD Energy Technologies' motor system uses an innovative nano-crystalline composite material to conduct energy more efficiently than traditional, iron-core motors. The high-frequency to low RPM ratio eliminates the need for a transmission. The system's computerized motor controller is designed specifically for the higher-frequency output of the motor. The result is a highly responsive system enabling two- and three-wheeled electric vehicles to attain speeds and performance levels available in gas-powered vehicles.

KLD Energy Technologies and KMA are expanding into markets worldwide where two- to three-wheeled vehicles are becoming an increasingly popular and necessary form of transportation. Subsequent rounds of funding will further establish KMA's manufacturing facilities in Hanoi, Vietnam, where production is slated to begin in the fourth quarter. The company is currently establishing production agreements with leading scooter manufacturers in Vietnam.

"Highly populated urban centers, in Asia and beyond, are experiencing severe levels of air pollution," said Okonsky. "Millions are transitioning from bicycles to two-wheeled scooters and other forms of transportation. Electric-powered vehicles are increasingly being leveraged as a critical part of the solution.

"Our focus is to work with manufacturers to create electric vehicles that are a truly viable alternative to their gas-powered counterparts, in terms of performance, distance and speed," he added.

####

About KLD Energy Technologies, Inc.
Austin-based KLD Energy Technologies designs and licenses a patented, high-performance electric motor system technology. The company’s cornerstone technology is a high-frequency, low RPM, transmissionless motor system that increases the speed and efficiency of electric vehicles.

KLD Energy Technologies’ mission is to transform transportation and decrease pollution through high-performance electric motor systems. The company’s technology represents a paradigm shift in motor design, enabling the production of highly efficient, environmentally friendly two- and three-wheeled vehicles.

About KLD Motors America, Inc. (KMA)

KMA, a subsidiary of KLD Energy Technologies, manufactures patented, high-performance electric motor systems for the international scooter, motorcycle and three-wheeled vehicle market. Through advanced manufacturing, KMA produces electric motors from a nano-crystalline composite material in its Vinh Phuc, Vietnam facility.

For more information, visit www.kldmotorsamerica.com.

For more information, please click here

Contacts:
for KLD Energy Technologies, Inc.
anthonyBarnum Public Relations
Melissa Anthony
512-329-2766

Copyright © Business Wire 2009

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