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ICRTec
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About ICRTec
ICR Turbine Engine Corporation specializes in developing advanced turbine engines, focusing on the ICR350 model as an alternative power source for stationary and truck applications. The company targets markets that require distributed power and mobile applications, providing a cleaner and more efficient solution compared to traditional diesel and natural gas engines. The ICR350 engine is designed to offer superior economics with lower lifetime costs and better fuel efficiency, high reliability with longer service intervals, and best-in-class emissions with near-zero output. Its modular design ensures total flexibility, allowing for compact size, weight, and complete fuel adaptability. The business model revolves around selling these engines to industries seeking cost-effective and environmentally friendly power solutions. Revenue is generated through the sale of engines and potentially through service and maintenance contracts. The company serves clients in sectors such as transportation and energy, particularly those looking to meet stringent emissions standards and reduce operational costs.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Nov 2012 | $10M | $40M | New Venture Partners | — |
Growth signals
Latest recorded traffic for ICRTec is 270 monthly website visits. ICRTec's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
New Venture Partners
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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