Yan Engines, an Austin, TX-based maker of fuel efficient engines, has raised $700k in additional funding.
The company will use the funds to focus on smaller automotive engines.
Incorporated in 2006 by Dr. MJ Yan, who holds a PhD from Princeton University in Mechanical and Aerospace Engineering, Yan Engines invented the “Differential Stroke Cycle Engine”, or “D-Cycle Engine”, which requires only component level changes to existing 4-stroke engines to produce fuel efficiency and performance improvements. It is using the Ford Ecoboost engine, that powers the Ford Focus, Fiesta and Mondeo.
The company, which is currently building and testing its engines with the US military as well as with several other commercial applications, has also opened a UK subsidiary which will focus on applying the technology to passenger vehicles and smaller automotive engines.
Yan, which also graduated from the University of Texas’ Austin Technology Incubator (ATI), has raised nearly $5m in funding.
FinSMEs
25/08/2015