VanDyne SuperTurbo raises $15 million

LOVELAND – VanDyne SuperTurbo Inc. has completed a Series C equity financing round of $15 million, which it plans to invest in the final phase of commercialization of its SuperTurbo technology.

Loveland-based VanDyne makes a truck-engine management system called the SuperTurbo, which improves fuel economy and reduces soot emissions. The technology integrates the functions of supercharging and turbocharging into a single device.

According to a VanDyne statement, this combination allows a third function called turbocompounding, which increases the efficiency of an engine from the collection of waste heat energy. SuperTurbo can provide efficiency gains to all internal combustion engines, the release said.…