Following on some successful tests of their technology, and a commitment made by Altira Group last year, Enerpulse announced earlier this week that they have taken in a second tranche of funding from Altira, in the amount of $2M.
Enerpulse has an innovative sparkplug design that improves fuel efficiency. For transportation industries, even a small gain in fuel efficiency (Enerpulse claims 2.7% gains) -- particularly in the current market conditions -- can be a big deal for the bottom line... Delivery trucks and other such vehicles use a lot of fuel.
Enerpulse reports they will soon be going out for a Series B round of $3-5M, and they expect to launch their first commercial products late this year or in 2006.
[Note: Edited 6/5 to better reflect the applications that Enerpulse's product can address. Thanks to Derek for calling me on it.]
