Fallbrook raises USD6m for advanced transmission system

Thu Sep 2 2010, 09:20 AM

Fallbrook Technologies has raised USD6m in a Series E funding round from Robeco and NGEN Partners, according to a regulatory filing. The Californian firm filed for an IPO earlier this year, and will reportedly have to raise a further USD16m in equity funding if it fails to launch. Fallbrook is developing continuously variable transmission technology for use in applications such as electric vehicles, wind turbines and bicycles. The firm has raised around USD62m in investment to date, including USD25m last year.

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