Efficient Drivetrains Raises $2.6 Million

According to a recent SEC filing, transportation startup Efficient Drivetrains has raised $2.6 million in financing from an undisclosed investor.

Efficient Drivetrains, Inc. (EDI), designs and manufactures high-efficiency, continuously variable transmissions (CVT) for electric vehicle developers, manufacturers, and suppliers. EDI’s hybrid electric drivetrain systems and technologies provide significant cost and efficiency advantages by using parallel drivetrain architectures, unique components, proprietary control software and algorithms. The company’s products have direct applications in electric vehicles (EVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs), across nearly all platforms classes and configurations, including trucks, buses and cars.