VanDyne SuperTurbo completes $15M Series C equity financing round led by Northwater Capital

By: InnovatioNews Tuesday April 15, 2014 0 comments Tags: Ed VanDyne, Loveland, Northwater Capital, VanDyne SuperTurbo

LOVELAND - VanDyne SuperTurbo Inc. announced it has completed a $15M Series C equity financing round led by Northwater Capital's Intellectual Property Fund with participation by existing company investors.

Proceeds from the financing are being invested into the final phase of commercialization of the company's SuperTurbo technology.

SuperTurbo integrates the functions of supercharging and turbocharging into a single device. The combination allows a third function called turbocompounding, which increases the efficiency of an engine from the collection fo waste heat energy.

The technology can provide efficiency gains to all internal combustion engines, but the company's current market focus is on 8-to-15 liter diesel engines for the on-highway truck market, VanDyne said.

The company said testing of the SuperTurbo on a 2013 15-liter diesel engine demonstrated efficiency gains that deliver a one-year payback to the truck owner.

"Thanks to the continued support of Northwater since their initial investment in 2012, we have been able to accelerate the advancement and commercialization of the SuperTurbo," said Ed VanDyne, CEO.

"We are now able to demonstrate on engine the SuperTurbo performance to the heavy-duty engine industry."

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