Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > KLD Energy Technologies Raises $6 Million of Equity

Abstract:
Increasing Total Funding to $12 Million Over the Past 12 Months

KLD Energy Technologies Raises $6 Million of Equity

Austin, TX | Posted on August 10th, 2010

KLD Energy Technologies Inc. (KLD), developers of clean energy technologies, announces the company has successfully closed-out $6 million dollars in Series B funding from private investors, bringing the total raised to $12 million over the last year. The company will leverage the funding to accelerate the commercialization of its high-performance electric drive system, execute its expansion strategy and introduce its products to new markets.

"We are pleased with the enthusiastic support of the investment community and our success in raising such substantial funding, particularly given the current economic climate," says Mark Wabschall, CFO of KLD. "This really underscores the impact our technology can have on solving the transportation needs of the world, while positively impacting the environment."

KLD's initial product, stemming from its research and development efforts, is an innovative, complete motor system redefining the performance of electric vehicles. The transmissionless, electric drive system improves the performance of vehicles while substantially decreasing the negative impact on the environment. Leveraging an innovative composite material, the drive system conducts energy with greater efficiency than traditional, iron-core motors. The drive system is designed for high frequency and low-RPM operations. This proprietary approach eliminates the need for a transmission resulting in a substantial increase in system efficiency. KLD's motor works in tandem with its advanced electric motor controller and modular battery packs. The result is a system enabling electric vehicles to perform at an exceptionally more advanced level, and attain speeds and levels of responsiveness comparable to today's gas-powered vehicles.

The company recently signed an agreement to provide the KLD drive system to Malaysia-based EcLimo, a leading vehicle manufacturer. In a joint venture with Vietnam-based Tien Loc Co. Ltd., KLD is slated to produce electric drive trains for the growing Vietnamese market. Additionally, the company is collaborating with several major Chinese companies to incorporate the drive system into their vehicles.

"With growing demand worldwide for less polluting modes of transportation, our drive system enables vehicle manufacturers to affordably create high-performance motorcycles and scooters for consumers worldwide," says Christian Okonsky, CEO and founder, KLD. "This round of funding supports our global sales and commercialization efforts and enables us to continue investing in our research and development activities."

According to a recent Pike Research report, unit sales of electric two-wheel vehicles will grow at a rapid pace over the next several years. This research firm forecasts that more than 466 million e-bikes, e-motorcycles and e-scooters will be sold worldwide from 2010 to 2016. Pike Research predicts Asia Pacific and China will dominate the global electric two-wheel vehicle market, representing more than 95 percent of sales during the next six years.

"Highly populated urban centers, in Asia and beyond, are experiencing severe levels of air pollution," continues Okonsky. "China's forward-thinking actions include phasing out gas-powered vehicles. Electric-powered vehicles are increasingly being leveraged as a critical part of the solution."

####

About KLD Energy Technologies
Austin, Texas-based KLD’s mission is to develop innovative, sustainable technologies. The company’s initial product, stemming from its research and development efforts, is a complete drive system that redefines the performance of electric vehicles. The drive system is designed for high-frequency and low-RPM operation, eliminating the need for a transmission and substantially increasing system efficiency. With this product, KLD is working to bring a new level of responsiveness to electric vehicles worldwide.

For more information, please click here

Contacts:
Melissa Anthony
anthonyBarnum Public Relations
Tel: 512-329-2766

Copyright © KLD Energy Technologies

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

A nanoscale wireless communication system via plasmonic antennas: Greater control affords 'in-plane' transmission of waves at or near visible light August 27th, 2016

Forces of nature: Interview with microscopy innovators Gerd Binnig and Christoph Gerber August 26th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

Investments/IPO's/Splits

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Carbodeon Ltd Oy Closes EUR 1.5 million Funding Round From Straightforward Capital: Carbodeon will accelerate its nanodiamonds business and expand manufacturing capacity August 21st, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

Harris & Harris Group to Host a Shareholder Update Call, Including a Presentation by One of Its Precision Health and Medicine Portfolio Companies, Muses Labs, Inc., on August 23, 2016 August 16th, 2016

Announcements

A nanoscale wireless communication system via plasmonic antennas: Greater control affords 'in-plane' transmission of waves at or near visible light August 27th, 2016

Forces of nature: Interview with microscopy innovators Gerd Binnig and Christoph Gerber August 26th, 2016

A promising route to the scalable production of highly crystalline graphene films August 26th, 2016

Graphene under pressure August 26th, 2016

Automotive/Transportation

Researchers reduce expensive noble metals for fuel cell reactions August 22nd, 2016

Researchers watch catalysts at work August 19th, 2016

Stanford-led team reveals nanoscale secrets of rechargeable batteries August 8th, 2016

New X-Ray microscopy technique images nanoscale workings of rechargeable batteries: Method developed at Berkeley Lab's Advanced Light Source could help researchers improve battery performance August 7th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic