EcoMotors has acquired engine-manufacturer Katech, a move that will help the Allen Park-based startup accelerate development of its green-engine technology.
Katech, which calls Clinton Township home, has made a name for itself over its 35 years for pushing the envelope when it comes to developing the latest in engine and powertrain technology.
“The company has a great reputation,” says Tony Mannarino, the new CEO of
Katech. “There are some really skilled people here.”
EcoMotors launched in 2008 with the idea of reinventing the internal combustible engine to be more energy efficient and cleaner. It's developing an opposed-piston, opposed-cylinder engine that is smaller and lighter than conventional engines. It also has about half of the components of traditional engines. EcoMotors is a venture-backed startup with investment from
Khosla Ventures, Bill Gates and
Braemar Energy Ventures.
The acquisition of Katech will allow for EcoMotors to research, test and build its engine technology. Katech will also keep doing business with its existing clients and flesh out its operations. Katech employs 18 people and is looking to add interns. It expects to hire another five people this year.
“We expect to add another shift to operate at capacity,” Mannarino says.
Source: Tony Mannarino, CEO of Katech
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
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