Bloomfield engine maker LiquidPiston has raised $6.5 million from two existing investors, it announced.
LiquidPiston is developing its X Engine, a fuel-efficient rotary internal combustion engine that the company says is lightweight, quiet and scalable from less than 1 horsepower more than 1,000.
“We look forward to working with industry partners to further develop this engine for specific market applications that value high power-density, fuel-efficiency, low-noise, and low-vibration,” Nikolay Shkolnik, founder and CTO, said in a statement.
The Series C round was led by existing investors Northwater Capital Management and Adams Capital Management and brings LiquidPiston’s total amount of equity capital to approximately $15 million.
The company also announced the appointment of electric vehicle technology veteran David Habiger to its board of directors.
Habiger has been CEO of California-based Sonic Solutions, which was acquired in 2010 for nearly $1 billion, as well as NDS, which was acquired a year ago by Cisco for $5 billion.
