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Engineered Propulsion Systems

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Engineered Propulsion Systems was formed in 2006 to develop, manufacture and market a revolutionary new General Aviation diesel engine

New Richmond, United StatesFounded 2006Aviation
Valuation $5–10M Last recorded · 2018
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Engineered Propulsion Systems

Engineered Propulsion Systems (EPS) was a Wisconsin-based company focused on developing a next-generation diesel engine for the general aviation market.

Founded in 2006 by Michael Fuchs and Steven Weinzierl, the company embarked on a mission to create a more fuel-efficient and modern alternative to traditional leaded avgas engines. The founders' journey began with a patent for an aviation diesel engine built around a graphite block, aiming to address the high costs and environmental concerns associated with conventional powerplants. Over its lifespan, the company invested more than $60 million from private shareholders and government grants, including from the U.S. Air Force, to bring its vision to life.

EPS's core product was the Graflight V-8, a clean-sheet, liquid-cooled 4.3-liter diesel engine. This V-8 engine was designed to be a versatile powerplant for single-engine planes, light twins, small helicopters, and military drones. Key features included a fully electronic engine control unit from Bosch for simplified single-lever operation, which managed propeller pitch, fuel mixture, and engine temperature automatically to reduce pilot workload. The engine was built for durability, using a compacted graphite iron crankcase and steel pistons, targeting a time between overhauls (TBO) of 3,000 hours—a significant increase over the industry standard. The primary benefit was its fuel efficiency, burning 30-50% less fuel than comparable avgas engines and operating on more globally available and cheaper fuels like Jet A and diesel.

Despite promising technical developments, including successful high-altitude testing and a flight test program, EPS faced persistent funding challenges. The company needed an estimated $12 to $15 million more to complete the final stages of FAA certification. Unable to secure the necessary investment, Engineered Propulsion Systems filed for Chapter 11 bankruptcy protection in July 2020 and ceased operations.

Source: Dealroom company data

At a glance

Founded
2006
Headquarters
New Richmond, United States
Sector
Aviation

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • Twin Cities Angels

Series B and later2 investors entered at this stage

  • Chippewa Valley Angel Investors Network
  • NRV
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · New Richmond HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Engineered Propulsion Systems on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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