KLD Energy Technologies, an Austin, Tex.-based startup developing motor systems for electric vehicles, has just raised about $4.9 million of a planned $6 million equity financing round , according to a new filing with the SEC.
KLD’s chief technology officer Rob Ferber, who previously worked as science director for electric car maker Tesla Motors (s TSLA) after a career in e-commerce (he founded Zelerate and was CTO of eToys), told us last summer that KLD planned to build its business by first deploying its system in electric three-wheelers and scooters internationally (starting in Asia and South America), and targeting electric scooter market in the U.S. through a deal with Vietnamese scooter manufacturer Sufat.
KLD’s system has no transmission, high frequency and low RPM, and uses a computerized controller to give electric two- and three-wheeled vehicles speed and performance capabilities on par with gas-powered counterparts. KLD Energy offers the technology for licensing, while its subsidiary KLD Motors America manufactures electric motors using a nano-crystalline composite material at a facility in Vinh Phuc, Vietnam.
KLD announced a $1 million Series A financing round early last year, which CEO and founder Christian Okonsky said at the time would allow KLD to demonstrate its system in prototypes, and regulatory filings show a pair of $2 million equity raises during the first few months of 2010. We’ve asked the company for details on plans for this latest funding and will update when we know more.
Image courtesy of KLD
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