Pinnacle Engines, a San Carlos, California based developer of ultra efficient engine designs, has raised a Series C funding round from Mitsui Global Investment, Ventureast and an unnamed strategic OEM partner. Existing investors Bessemer Venture Partners, New Enterprise Associates and Infield Capital also participated in the round. The capital will be used chiefly to expand into emerging markets. The company has appointed former Hyundai India President BVR Subbu to its Asian advisory board.
Source: Press Release
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