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MEDIA RELEASE:
EDI to Establish New Global Innovation Center Silicon Valley Headquarters Selected to Meet Increasing Customer Demands

SAN JOSE, CA, October 28, 2014--Efficient Drivetrains, Inc. (EDI), a global leader in advanced, high-efficiency Hybrid and Electric drivetrain solutions, today announced that it will open its global innovation center and headquarters in the Silicon Valley. An office location has been selected in Milpitas, California--close to automotive and technology innovators like Tesla motors, Cisco, Sandisk and more. EDI expects to open its new offices in January 2015.


"By establishing the Silicon Valley Innovation Center, EDI is well prepared to support new market and customer opportunities,” said CEO Joerg Ferchau. “Our goal is to create an open, collaborative innovation center that inspires EDI team members, our partners, and the industry at large to push the boundaries of clean tech innovation. The Silicon Valley represents the epitome of technology advancement-something we are deeply committed to at EDI. We are thrilled to be near some of the world’s leading technology brands.”

The new global headquarters brings together EDI’s research and development teams, sales, marketing, and administration in 30,000 square feet of space dedicated to its development, manufacturing, and global operations. The space design has an open flow, without traditional cubical set ups to enable the free-exchange of ideas and information.

In addition to housing the company’s many corporate and administrative functions, EDI will launch a new Innovation Center where its expert technology team will collaborate directly with customers to build “world’s first” PHEV and EV solutions. The initial Innovation Center project roster has been identified and will include customer representation from North America, China, and Korea.

EDI’s Dixon, California presence will continue operations, serving as a development, demonstration and Americas support center. EDI will also maintain its development and manufacturing operations in Beijing, and Wuxi China.

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)


  Efficient Drivetrains and PG&E to unveil utility trucks capable of shortening or eliminating electric outages   EDI Raises $3.5M in Series A to Fuel Growth and Innovation
Round led by Jinyuan Development Company
  EDI partners with GREENKRAFT, CEC to deliver first CNG-PHEV class-4 truck

 


 

 

MEDIA ADVISORY:
Efficient Drivetrains and PG&E to unveil utility trucks capable of shortening or eliminating electric outages

   

WHAT

 

Pacific Gas and Electric Company (PG&E) and Efficient Drivetrains Incorporated (EDI) will host a ceremony at EDI’s plant in Dixon, CA to unveil the utility industry’s first plug-in electric hybrid drivetrain Class 5 work trucks featuring 120kW exportable power that can be used to shorten or eliminate planned and unplanned outages.
PG&E partnered with EDI and Dixon-based Altec Industries, to develop two class 5 vehicles, both of which were designed, built and tested in the heart of California at EDI’s plant in Dixon. Two different models will be unveiled, one, a Class 5 utility work truck featuring 120kW exportable power, capable of powering 80% of the transformers in PG&E’s service area. The second is a Class 5 bucket truck featuring Altec’s electric worksite management system, which allows all onboard equipment including the boom, climate control and tools to be operated off of battery power, eliminating the need to idle the engines of the trucks while at job sites. Both vehicles feature an all-electric range of approximately 30 miles and will reduce emissions by up to 80% when compared to conventional fuel vehicles.  PG&E estimates that each EDI truck will save the utility over 850 gallons of fuel per year

WHO

 

• Robert Oglesby, Executive Director, California Energy Commission

• Joerg Ferchau, Chief Executive Officer, EDI

• Dave Meisel, Senior Director of Transportation & Aviation Services, PG&E

• TBD (City & Chamber)

WHEN

 

Wednesday, September 17, 2014
7:30 – 10:00 a.m.: Pre-event media availability, interviews, plant tours
10:00 – 10:30 a.m.: News Conference
10:30 – 11:30 a.m.: Plant tours & product demonstrations

WHERE

 

EDI Plant, 1000 Business Park Drive, UNIT B, Dixon, CA 95620

VISUALS

 

• EDI/PG&E utility trucks on display and available for demonstrations

• Plant tours

• Speakers from the CEC, PG&E and EDI and the Dixon Chamber of Commerce

WHY  

PG&E is committed to driving economic vitality in its service area, and that is why the utility has partnered with these two locally-based companies to develop the most technologically advanced vehicles in the utility industry. The vehicles manufactured by EDI for PG&E are the first electric hybrid drivetrain to feature utility-grade exportable power in the industry. If PG&E were to replace all class five vehicles in its fleet with the EDI trucks, the utility would save over $3 million annually in fuel costs and reduce carbon emissions by over 19 million pounds. PG&E operates one of the greenest utility fleets in the nation, with nearly 3,500 alternative fuel vehicles.

CONTACT

 

Jason King, +1-415-725-4658




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)