Fallbrook Technologies Raises $8.2M

San Diego-based Fallbrook Technologies said this morning that it has raised $8.2M from an undisclosed group of private venture investors, and launched its Continuously Variable Planetary transmission technology. Investors were not disclosed. The company says that its new continuous variable transmission is applicable to a wide range of industries and provides smooth shifting, improvded acceleration and fuel economy. The firm is targeting bicycles, light electric vehicles (LEVs), tractors and agricultural equipment, automobiles, trucks, and utility class wind turbines with its technology.