Don’t count out the good old internal combustion engine just yet. A number of companies are working on new engine designs that can help pick up the slack until alternatives like electric motors and better batteries are ready for widespread consumption. One such venture is EcoMotors International, which just got a rather large investment from one Bill Gates.
A total of $23.5 million was invested by the aforementioned Chairman of Microsoft along with Silicon Valley investor Vinod Khosla, whose Khosla Ventures firm reportedly owns 47 percent of EcoMotors. According to the company, its opposed piston and opposed cylinder Opoc engine technology was developed by Peter Hofbauer, who previously headed powertrain development at Volkswagen and designed the German automaker’s clean diesel technology.
EcoMotors claims that its Opoc engine weighs 50 percent less than other internal combustion engines while using 50 percent less fuel. Planned for applications include cars, trucks and any other machine that utilizes an engine. Check out the complete press release after the break.