Axial Vector Engine Corp. (AXVC.PK) Receives $45 Million in Financing
Axial Vector Engine Corporation recently announced the receipt of $45 million in project financing from Emirates International Capital Advisory (EICA), a global hedge fund management firm. Axial is a U.S. based firm with a branch office in Dubai, focused on the development of a new, smaller and lighter internal combustion engine that produces significantly greater horsepower and three times more torque on less fuel than conventional engines of similar size. The $45 million in financing will be primarily used for Axial’s engine and generator technology rollout. Axial's engine technology is already in production for military use in a partnership venture…