Fallbrook Technologies Secures $8 Million Debt Financing

Enterprise IT startup Fallbrook Technologies completed $8 million debt financing.

Fallbrook developed, distributes, and licenses the NuVinci® continuously variable planetary transmission system for deployment in bicycle, automotive, off-highway, and industrial applications.

The NuVinci® technology displaces the 2500-year-old “gear” technology, instead using “spheres” to improve the efficiency and performance of mechanical systems. It is applicable to a wide range of applications. Licensees include industry leaders such as Dana Holding Corporation, Allison Transmission, and TEAM Industries.