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Thursday, Mar 28, 2024

Transonic Receives Addition Investment

Fuel injection system manufacturer Transonic Combustion received addition funding from a private equity firm. The investment makes Khosla Ventures the largest preferred shareholder in Camarillo-based Transonic. Managing partner Vinod Khosla has joined the board of directors. The amount of the investment was not disclosed but was at a substantially higher valuation than the Transonic’s second round of funding, which closed July 2007. Khosla Ventures participated in the first and second rounds of funding, in conjunction with Venrock and Rustic Canyon. “Transonic’s innovative fuel injection system is an important building block in developing the next generation of fuel-efficient engines,” Khosla said. “Our commitment to growing Transonic’s business complements our firm’s additional investments in the engine space. Credit should be given to these firms for their work toward developing the 100 mile per gallon car in the coming years.”

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