Fallbrook Technologies Raises US$39M in Series E Financing

Fallbrook Technologies Inc., a San Diego, CA-based company dedicated to improving the performance and flexibility of transmissions for engine and human-powered devices, has raised approximately US$39m in Series E financing.
This brings the total amount raised by the company to US $95m since 2000.
Investors include new backers Macquarie Capital Markets Canada, Sustainable Asset Management and Ningbo Shentong Auto Decorations Co. of China and existing shareholders NGEN Partners and Robeco.
In conjunction with the financing, Sean McIntyre, a Managing Director at Macquarie, will join the company’s board of directors.
Fallbrook intends to use the funds for working capital, product development and general corporate purposes. In particular, the company wants to support the commercial development of its proprietary NuVinci® transmission technology into five current target markets.
Fallbrook launched the NuVinci® N360, the second generation of its continuously variable bicycle drivetrain, this summer and recently announced its entry into the automotive market with its NuVinci Delta Series™, a line of accessory drives and primary transmissions that are designed to increase fuel efficiency and vehicle performance.
The company is also developing transmission technologies for electric vehicle, small wind power and lawn care applications.

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