YanEnginesSplash1Yan Engines, a recent graduate of the Austin Technology Incubator, has closed on $2 million in funding.
The company has also developed a fuel efficient car engine and landed a contract to create a truck engine for the U.S. military.
Yan Engines recently graduated from ATI’s Clean Energy Incubator. The company also works closely with Prof. Ronald Matthews from UT’s Engines Research Laboratory in the Mechanical Engineering Department.
“At ATI, we look for major market disruptors, and Yan Engines fit that criterion and then some,” Mitch Jacobson, co-director, ATI Clean Energy Incubator, said in a news release. “By proving out that they could make a standard commercial engine 80% more fuel efficient, the future technology applications are literally endless. We are excited to continue to support Yan in its efforts to improve fuel efficiency of military fleets, shipping, power generation, and infinite other potentials.”
In 2008, Yan Engines completed a Honda engine prototype, which was built in Taiwan. But in the fall of 2011, the company moved to Austin and joine ATI.
To date, Yan Engines has raised $4 million through investors and contracts. Its latest investment came from New Energy Holdings, a private equity firm.