The investment in Cleaire was also made by Ingleside Investors, North Sky Capital and Spring Mountain Capital.
Cleaire’s products reduce particulate matter emissions from diesel engines by greater than 85% while meeting strict limits on exhaust nitrogen dioxide levels, NewWorld said.
Based in San Leandro, California, with a manufacturing facility in San Diego, Cleaire holds a majority share in the retrofit diesel particulate filter market in the US and exports its products to selected foreign countries.
NewWorld’s investment will enable Cleaire to expand its sales and product support capability in domestic and international markets.
