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EDI Raises $3.5M in Series A to Fuel Growth and Innovation
Round led by Jinyuan Development Company

SAN JOSE, CA, July 31, 2014--Efficient Drivetrains, Inc. (EDI), a global leader in advanced, high-efficiency Hybrid and Electric drivetrain solutions, today announced closing $3.5M in Series A funding.  The round was led by Jinyuan Development Company, and also included participation by Silicon Valley China Venture Partners and the Shanghai Gui Guo Assets Management Partnership.

Founded in 2006, EDI develops and markets advanced concepts and technologies for use in Plug-in Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Electric Vehicles (EV) worldwide.  EDI offers highly unique drivetrain solutions for light, medium, and heavy duty vehicles to global vehicle developers, OEMs, and suppliers enabling them to realize advantages in drivetrain size, weight, performance and affordability.

“Increasing demand and changes in technology economics are accelerating the electrification of vehicles of all types, and market opportunities are changing dramatically, said Joerg Ferchau, co-founder and CEO of EDI.  New business models, regulatory requirements and evolving technologies are fundamentally altering the marketplace.  "With this infusion of capital, EDI is well prepared to support new market and customer opportunities.”

EDI recently announced the initiation of a number of new vehicle programs which are based on the company’s EDI Drive  PHEV drivetrain system that provides cost and efficiency advantages by providing vehicles with full Electric, Series, and Parallel hybrid performance.  The company has also developed industry-changing technology for new types of continuously variable transmissions (CVT) that are among the most efficient and largest torque capacity transmissions of their type in the industry today.

“With increasing regulatory pressures, the industry is undergoing a huge shift, and EDI is leading the charge by setting the standard—taking visionary ideas and transforming them into real applications that can be delivered across a wide range of vehicles globally,” said Winston XU, President of SVC.  "SVC invests in best-of-breed companies, and we were pleased to continue to back EDI in their Series A round of funding."

EDI will use its new funding to support current customer opportunities, to expand its engineering and sales organizations, facilities, and product roadmap in order to meet the growing demand for its Plug-in Hybrid and electric vehicle drivetrain solutions in the U.S. and Asia.  The company is currently working to expand its Asia operations in Beijing, China, as well as its U.S. operations in Dixon and Silicon Valley, California.

About EDI:
Efficient Drivetrains, Inc. (EDI) develops and markets a range of state-of-the-art proprietary drivetrain products and technologies that have direct application in PHEVs, HEVs, and BEVs worldwide. EDI's leading-edge hybrid-electric drivetrain systems and technologies provide significant cost and efficiency advantages for parallel and series hybrid drivetrain architectures across nearly all platform classes and configurations. In addition, EDI has developed a game-changing technology for new types of continuously variable transmissions (CVT) that are the most efficient and largest capacity transmissions of their type in the industry today. EDI is currently active in automotive projects throughout North America and the APAC region. Visit www.efficientdrivetrains.com for more information.

EDI (Efficient Drivetrains, Inc.)
Company Contact: Bill Bryant
Phone: +1-408-213-9581
Email: info@efficientdrivetrains.com
SOURCE: Efficient Drivetrains, Inc. (EDI)


EDI PARTNERS WITH GREENKRAFT, CEC TO DELIVER FIRST CNG-PHEV CLASS-4 TRUCK

Over 40% Improvement in MPGe with Integration of Intelligent Plug-In Hybrid and CNG

SAN JOSE, Calif., June 30, 2014 – Efficient Drivetrains, Inc. (EDI), a global leader in advanced, high-efficiency plugin hybrid electric vehicle (PHEV) and continuously variable transmission (CVT) solutions, today announced a high-profile partnership to develop a first-of-its-kind, Class-4 vehicle that combines the benefits of compressed natural gas (CNG) and PHEV technology. 

In partnership with Greenkraft, CALSTART, and the California Energy Commission, the collaboration supports the rapid movement in California toward a zero emissions environment. The effort combines EDI’s intelligent PHEV powertrain with Greenkraft’s CNG-powered 14,500-pound, Class-4 medium-duty truck. EDI’s solution can improve the fuel economy of a conventional CNG-powered medium-duty truck by more than 40 percent.



“EDI’s CNG-PHEV is a first-of-its-kind innovation, and represents an entirely new market application for EDI’s proprietary technology,” said Joerg Ferchau, co-founder and CEO of EDI. “The CNG-PHEV delivers a market-disruptive vehicle that will help fleets switch from petroleum-based liquid fuels—gasoline and diesel—to domestically available, cleaner-burning natural gas and electricity. Technology possesses tremendous potential for commercial viability and can play an essential role in helping California meet its long-term carbon reduction and short-term zero-emissions goals.”

In certain duty cycles with shorter daily mileage requirements or where periodic plug-in recharging is possible throughout the day, it may even be possible to completely eliminate the use of CNG, achieve 100-percent all-electric zero-emissions vehicle (ZEV) operations, and achieve an effective MPGe of 26.9—an improvement of 300 percent over the baseline CNG truck

EDI’s announcement came simultaneously with a grant approval for the combined partnership by the California Energy Commission of funding from its Energy Research and Development Division.  The unanimously approved $900,000 grant, supports the state directive to accelerate research and development of advanced natural gas engine-hybrid electric vehicles for light and heavy-duty applications.

About EDI:
Efficient Drivetrains, Inc. (EDI) develops and markets a range of state-of-the-art proprietary drivetrain products and technologies that have direct application in PHEVs, HEVs, and BEVs worldwide. EDI's leading-edge hybrid-electric drivetrain systems and technologies provide significant cost and efficiency advantages for parallel and series hybrid drivetrain architectures across nearly all platform classes and configurations. In addition, EDI has developed a game-changing technology for new types of continuously variable transmissions (CVT) that are the most efficient and largest capacity transmissions of their type in the industry today. EDI is currently active in automotive projects throughout North America and the APAC region. Visit www.efficientdrivetrains.com for more information.

About Greenkraft:
Greenkraft, Inc. designs, develops, and manufactures compressed natural gas (CNG) and Liquid Propane Gas (LPG) forward cabin trucks, alternative fuel systems and alternative fuel engines. For more information, please visit our website at www.greenkraftinc.com

EDI (Efficient Drivetrains, Inc.)
Company Contact: Bill Bryant
Phone: +1-408-213-9581
Email: info@efficientdrivetrains.com
SOURCE: Efficient Drivetrains, Inc. (EDI)