Posts Tagged ‘ T. Boone Pickens ’

Surf City as Motor City

The frequent references to San Diego as a global leader in clean tech are often illustrated by regional activities in solar, wind, water, smart grid and energy efficiency.  A perusal of the CleanTECH San Diego company database also reveals a mini-Mo Town of 25 ventures in the Transport Technology category.  Five of the companies have made the headlines recently.

v vehicle logoKleiner Perkins Caufield & Byers is the living legend in the venture capital universe.  Their successes include Amazon.com, Compaq, Electronic Arts, Genentech, Google, Intuit, Lotus Development, Netscape, Segway, Sun Microsystems and scores of other ventures over a 37 year history.  Their lead in the launch of San Diego-based V Vehicle Company is just one piece of their huge commitment to invest in clean tech and transportation.  Kleiner Perkins is joined in their investment by the VC arm of Google and part-time San Diegan T. Boone Pickens.  Manufacturing of the yet-to-be-unveiled automobile will take place in Louisiana.  If all the Federal and state loans fall in place, the total investment will exceed $500 million.  Former Oracle executive, Frank Varasano of San Diego, is the company’s CEO.  Wrapped in product secrecy, V Vehicle’s website has a video and information about their plans to hire 1400 workers.

apteravehicle1wallpaper1Carlsbad-based Aptera has a waiting list of over 4,000 early adapters who have written deposit checks for the yet-to-be-offered three-wheeled, super aero-dynamic electric vehicle.  Looking like a cross between an albino lobster and George Jetson’s commuter car, the Aptera comes with a built-in fan club that is drawn to the car’s futuristic appearance, three-digit MPG comparisons and cocktail-party-conversation features such as solar assisted climate control.  Originally funded last year for $24 million from Google, Idealab and individual investors, Aptera seeks Federal loans to accelerate their production capability.  Their quest for funds was stymied because the Aptera 2e’s design is one wheel short of the standard four.  Local Congressman Brian Bilbray is grinding through the legislative process to include “fully enclosed vehicles that are capable of carrying two adults and get at least 75 mpg.”

AchatesPower_engineThe recent input of over $12 million will rev-up San Diego’s Achates Power in their efforts to build the internal combustion engine equivalent of Doctor Dolittle’s pushmi-pullyu.  Their 4.2L automotive engine design is a high-efficiency two-stroke power plant which features two opposing pistons in each cylinder.  The Achates Power value proposition is an “unparalleled combination of fuel efficiency (more…)

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