About Achates Power
Achates Power is a company based in San Diego (United States) founded in 2004.. Achates Power has raised $107.54 million across 8 funding rounds from investors including DOE, NCMS and OGCI. Achates Power offers products and services including Opposed-Piston Engine and Advanced Combat Engine. Achates Power operates in a competitive market with competitors including Linamar, Oerlikon, LiquidPiston, Kinetic Engineering and FEV, among others.
- Headquarter San Diego, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
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- Legal Name Achates Power, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$107.54 M (USD)
in 8 rounds
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Latest Funding Round
$2 M (USD), Grant
Mar 06, 2019
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Investors
DOE
& 7 more
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Employee Count
Employee Count
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Products & Services of Achates Power
Achates Power offers a comprehensive portfolio of products and services, including Opposed-Piston Engine and Advanced Combat Engine. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides ultra-efficient engines for transportation with low emissions.
Engine for modernizing tactical vehicles with high efficiency.
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Funding Insights of Achates Power
Achates Power has successfully raised a total of $107.54M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $2 million completed in March 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $2.0M
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First Round
First Round
(02 Oct 2009)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Grant - Achates Power | Valuation |
investors |
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| Oct, 2017 | Amount | Series D - Achates Power | Valuation |
investors |
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| Dec, 2015 | Amount | Grant - Achates Power | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Achates Power
Achates Power has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include DOE, NCMS and OGCI. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Stage-agnostic venture capital investments are made in US companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Achates Power
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Achates Power
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Achates Power Comparisons
Competitors of Achates Power
Achates Power operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Linamar, Oerlikon, LiquidPiston, Kinetic Engineering and FEV, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Motor vehicle and agricultural parts are manufactured and supplied.
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| domain | founded_year | HQ Location |
Powertrain systems and components are manufactured and supplied to OEMs.
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| domain | founded_year | HQ Location |
Lightweight internal combustion engines are developed for scalable power applications.
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| domain | founded_year | HQ Location |
Gears, shafts, transmission assemblies, and auto components are manufactured.
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| domain | founded_year | HQ Location |
Powertrain components for vehicles are manufactured and supplied by FEV.
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| domain | founded_year | HQ Location |
Dynamic seals and wipers are manufactured for industrial applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Achates Power
Frequently Asked Questions about Achates Power
When was Achates Power founded?
Achates Power was founded in 2004 and raised its 1st funding round 5 years after it was founded.
Where is Achates Power located?
Achates Power is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
Is Achates Power a funded company?
Achates Power is a funded company, having raised a total of $107.54M across 8 funding rounds to date. The company's 1st funding round was a Grant of $9M, raised on Oct 02, 2009.
What does Achates Power do?
Achates Power was founded in 2004 in San Diego, United States, and operates within the automotive sector. Internal combustion engines designed for vehicles are produced by the company, with a focus on efficiency and performance. Operations are centered in the United States, where research, development, and manufacturing activities are conducted to support vehicle propulsion needs. The domain achatespower.com is utilized for online presence.
Who are the top competitors of Achates Power?
Achates Power's top competitors include Linamar, Oerlikon and LiquidPiston.
What products or services does Achates Power offer?
Achates Power offers Opposed-Piston Engine and Advanced Combat Engine.
Who are Achates Power's investors?
Achates Power has 8 investors. Key investors include DOE, NCMS, OGCI, Climate Investment, and Sequoia Capital.