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

Video captures bubble-blowing battery in action: Researchers propose how bubbles form, could lead to smaller lithium-air batteries April 26th, 2017

New Product Nanoparticle preparation from Intertronics with new Thinky NP-100 Nano Pulveriser April 26th, 2017

California Research Alliance by BASF establishes more than 25 research projects in three years April 26th, 2017

Affordable STM32 Cloud-Connectable Kit from STMicroelectronics Puts More Features On-Board for Fast and Flexible IoT-Device Development April 26th, 2017

Investments/IPO's/Splits

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Announcements

Video captures bubble-blowing battery in action: Researchers propose how bubbles form, could lead to smaller lithium-air batteries April 26th, 2017

New Product Nanoparticle preparation from Intertronics with new Thinky NP-100 Nano Pulveriser April 26th, 2017

California Research Alliance by BASF establishes more than 25 research projects in three years April 26th, 2017

Affordable STM32 Cloud-Connectable Kit from STMicroelectronics Puts More Features On-Board for Fast and Flexible IoT-Device Development April 26th, 2017

Automotive/Transportation

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

BASF and Landa partner to create revolutionary pigments for automotive coatings: The alliance combines BASF innovations with Landa nano-pigment technology April 5th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX® Technology Platform: Leading-edge I-fuse™ brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

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