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EcoMotors Adds Andrew Chung to its Board

Andrew Chung, a partners at Khosla Ventures, has joined the board of engine developer EcoMotors. Established in 2008, EcoMotors is based in Allen Park, Mich., and backed by Khosla Ventures and Bill Gates.

PRESS RELEASE
EcoMotors announces the appointment of Andrew Chung to its Board of Directors. Mr. Chung, one of the six investing Partners at Khosla Ventures, is an experienced investor and former entrepreneur and a welcome addition to the EcoMotors board.

At Khosla Ventures, Andrew focuses on developing leading companies in cleantech, information technology, and personalized medicine and also leads the firm’s activities in China. With experience in both North America and China, Andrew will be able provide invaluable counsel on EcoMotors growth in the global marketplace.

“Andrew is a fantastic addition to the EcoMotors Board, particularly as our opportunities in the developing world expand” said Don Runkle, EcoMotors CEO. “I expect his experience in China will offer significant insights and benefits to EcoMotors interests and partnerships in the region.”

Before joining Khosla Ventures, Mr. Chung spent five years at Lightspeed Venture Partners and helped to build the firm’s practice areas in cleantech, education, and genomics. He helped drive and manage Lightspeed’s investments in Solazyme (NASDAQ: SZYM, biofuel), Stion (solar), LS9 (biofuel), Coaltek (clean coal), Leyden Energy (energy storage), Orbis Education (nursing education), and Personalis (genome interpretation).

Prior to Lightspeed, Andrew was an investor at Bain Capital and TL Ventures, where he supported buyout and venture investments in healthcare, software and semiconductors. Previously, Andrew was a management consultant with Bain & Company in Greater China, where he serviced clients in energy, private equity, retail, and logistics. Earlier in his career, Andrew co-founded UberWorks, an e-commerce platform startup incubated at Trilogy, and led the company through a successful acquisition by a public company.

“Ecomotors has assembled an exceptional team and is poised to redefine engine technology as we know it today” reported Andrew. “Compared to conventional engines, Ecomotors’ high-efficiency engine and powertrain will enable a major boost in fuel economy with a smaller, cheaper, and more elegant design.”

Andrew is a Phi Beta Kappa graduate in Applied Mathematics from Harvard University and holds an MBA from The Wharton School of the University of Pennsylvania.

Established in early 2008, EcoMotors is changing the landscape of internal combustion power. Based in Allen Park, Mich., EcoMotors is commercializing the unique opoc® engine for use in cars, light trucks, commercial vehicles, aerospace, marine, agriculture, auxiliary power units, generators, etc. Anywhere conventional gas or diesel power is currently utilized, opoc® represents a better propulsion solution.

The two primary investors in EcoMotors are Khosla Ventures and Bill Gates. Khosla Ventures, based in Menlo Park, California, offers venture assistance, strategic advice and capital to entrepreneurs. The firm currently manages over $2 billion in committed capital, and is actively investing out of a $1.05 billion main fund that supports early- and late-stage companies and a $300 million seed fund to develop very early-stage experiments. The firm focuses on investments in next-generation energy projects, new materials, mobility, Internet and silicon technology. Vinod Khosla, who founded the firm in 2004, was founder and CEO of Sun Microsystems and was formerly a General Partner at Kleiner Perkins.

SOURCE EcoMotors International