When was Achates Power founded?

Achates Power was founded in 2004 and raised its 1st funding round 5 years after it was founded.

Where is Achates Power located?

Achates Power is headquartered in San Diego, United States. It is registered at San Diego,California.

How many employees does Achates Power have?

As of Dec 31, 2020, Achates Power has 84 employees, reflecting a 13% year-over-year decline in headcount.

Is Achates Power a funded company?

Achates Power is a funded company, having raised a total of $108M across 8 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Oct 02, 2009.

When was the latest funding round of Achates Power?

Achates Power's latest funding was a $***** Grant (prize money) round on Mar 06, 2019, with participation from 1 investor. Its primary sector is Auto Components. In United States, the Auto Components sector has seen $36M in funding in 2026 to date.

Where does Achates Power rank among its competitors?

Achates Power ranks 5th amongst 964 active competitors, of which 15 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Cummins, which secured $2.1M in Sep, 2025.

Who are the top competitors of Achates Power?

Achates Power's top competitors include Linamar, Cummins and Oerlikon. Among them, Cummins secured the most recent funding round in September, 2025.

Achates Power - 2026 Company Profile, Team, Funding & Competitors

Company Details

Website: achatespower.com
Social
Registered Address: San Diego,California

Key Metrics

Founded Year

2004

Location

San Diego, United States

Stage

Series D

Total Funding

$108M in 8 rounds

Latest Funding Round

Grant (prize money), Mar 06, 2019, $*****

Investors

Sequoia Capital & 11 more

Ranked

5^th among 964 active competitors

Employee Count

84 as on Dec 31, 2020

Similar Companies

Cummins & 722 more

View Achates Power's full profile

Achates Power is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ACHATES POWER LLC CIN: 260660133 , United States, Active	Dec 31, 1999	-	30 (As on Dec 31, 2024)	-
Achates Power Inc CIN: 1471984 , United States, Active		$1 - $1M (As on Oct 02, 2009)	-	-

Achates Power has raised a total funding of $108M over 8 rounds. Its first funding round was on Oct 02, 2009. Its latest funding round was a Grant (prize money) round on Mar 06, 2019 for $*****. 1 investor participated in its latest round. Achates Power has 12 institutional investors.

Here is the list of recent funding rounds of Achates Power:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 06, 2019	1910415	Grant (prize money)	7983431	7014057	8247941	7939503
Oct 06, 2017	8497131	Series D	5192847	4994044	2155712	OGCI & 1 more
Dec 01, 2015	4131868	Grant (prize money)	4960128	9005602	8649110	DOE

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View details of Achates Power's funding rounds and investors

The founders of Achates Power is Jamie McJunkin.

Here are the details of Achates Power's key team members:

Jamie McJunkin: Founder of Achates Power. They serve on the board of 1 company.

Achates Power's Board of Directors

Achates Power's board has 14 active members. John Wall, Jamie McJunkin, Greg McAdoo, David Johnson, Shauna McIntyre, James Lemke, K Michael Garrett, Frank Macher, John Koszewnik, Gary Convis, Eric Haskel, Hal Harvey, David Prend and Robert Murashige are independent board members.

Here is the list of Achates Power's board of directors:

Name	Type	Representing	Status	Duration
John Wall	Independent board member	-	Current	8y 8m
mgutcpg	Independent board member	-	Current	4y 9m
imkfxjq	Independent board member	-	Current	8y 6m
emuksli	Independent board member	-	Current	2y 2m
umxvkuw	Independent board member	-	Current	5y 1m
czjavys	Independent board member	-	Current	9y 2m
{otwjdh	Independent board member	-	Current	4y 3m
{pvpkaz	Independent board member	-	Current	4y 4m
lohxjzm	Independent board member	-	Current	8y 4m
nignior	Independent board member	-	Current	5y 9m
dzdylcr	Independent board member	-	Current	1y 8m
ogurrrh	Independent board member	-	Current	6y 5m
rtyjiqa	Independent board member	-	Current	8y 5m
qt{ffty	Independent board member	-	Current	6y 8m

View details of Achates Power's Founder profiles and Board Members

Achates Power's employee count trend

Achates Power has 84 employees as of Dec 20. The total employee count is 13.0% lower than what it was in Dec 19. Here is Achates Power's employee count trend over the years:

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Top competitors of Achates Power include Linamar, Cummins and Oerlikon. Here is the list of Top 10 competitors of Achates Power, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Linamar 1966, Guelph (Canada), Public	Manufacturer and supplier of motor vehicle parts and agricultural vehicle parts	-	Region ile-de-France, Ontario Canada & 1 others	66/100
2nd	Cummins 1919, Columbus (United States), Public	Manufacturer of gas-powered construction equipment, fuel systems, turbochargers, and braking systems	-	Centralia Coal Transition Grants, Drona Capital ... & 8 others	66/100
3rd	Oerlikon 1906, Freienbach (Switzerland), Public	Manufacturer and supplier of powertrain systems to OEM	-	Europa	62/100
4th	Sona Comstar 1995, Gurugram (India), Public	Provider of design & development of electrical powertrain systems for automotive applications	-	GIC, Fidelity Investments & 12 others	60/100
5th	Achates Power 2004, San Diego (United States), Series D	Manufacturer of engine for vehicles	$108M	Sequoia Capital, RockPort Capital & 10 others	58/100
6th	FEV 1978, Aachen (Germany), Funding Raised	Manufacturer and supplier of powertrain components	-	Odtuteknokent, Economy And Finance & 2 others	57/100
7th	Aquarius Engines 2014, Rosh Haayin (Israel), Public	Power generators for hybrid vehicles	$37M	TPR, GlenRock Israel & 7 others	57/100
8th	Deutz 1864, Germany, Public	Manufacturer of drive systems for off-highway applications, parts, and service	-	CEX	53/100
9th	Freudenberg Sealing Technologies 1929, Weinheim (Germany), Funding Raised	Manufacturer of dynamic seal and wipers	-	Austria Wirtschaftsservice, Economy And Finance ... & 1 others	53/100
10th	Weichai 1946, Weifang (China), Deadpooled	Automobile and equipment manufacturing group	-	Vermögensclub, NGP Capital & 1 others	52/100