Microsoft founder Bill Gates invested environmentally-friendly engines
Sina News Financial News Beijing Tuesday morning, Microsoft Chairman and founder Bill Gates on the environmentally friendly engine technology developer EcoMotors International investment.
EcoMotors Monday, said Gates in the company financing the 23.5 million U.S. dollars in investment funds, the funds raised mainly for design and test low-emission engines developed.
Microsoft Chairman Bill Gates is still present, but he also actively participated in many philanthropic and venture capital activities. Gates also with Silicon Valley's Khosla Ventures company's joint venture in TerraPower LLC company, which develops highly efficient nuclear reactor technology.
EcoMotors CEO Don Runkle said, EcoMotors was established in 2008, the initial funding amount of 10 million in 1500 million.
He said the company is developing a compact and efficient engine, new engine, a lower cost than traditional internal combustion engines. Runkle said, EcoMotors the engine than conventional engines smaller, lighter, can be used for car, truck and aerospace industries.
Gates said in a statement Monday, the new engine to enable developing countries to provide low-cost, low-emission transportation goals one step closer.
