MCE-5 DEVELOPMENT is developing the MCE-5 VCRi, a variable compression ratio gasoline engine that the company says can reduce fuel consumption and CO2 emissions by up to 45%. The firm is executing a ten-year R&D program to materialize that technology and move it toward mass production. The first prototype vehicle was presented in mid-September 2010. A consortium of 12 European companies, primarily Tier-1 OEMs, is backing the project and the company's short-term focus is commercializing the technology to carmakers to begin mass production by 2016–2017. The company employs nearly 40 people, including thirty engineers, and currently has roughly 350 shareholders. MCE-5 has been backed by French innovation-focused institutions as well as private and industrial investors.

Total raised

$14M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2010