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Timeline

2016 | First Patent Granted
2016 | First Patent Granted

- First Patent granted by USPTO
- JAZARI team conducts technical training and capacity building with Ricardo, UK
- Ricardo conducts technical and design reviews of patented technology

2017 | First Functional Prototype
2017 | First Functional Prototype

- First gasoline engine prototype achieved
- Technology potential demonstrated and TRL 4 achieved
- $400,000 investments received

2018 | First TÜBİTAK Grant
2018 | First TÜBİTAK Grant

- TÜBİTAK 1507 R&D program first grant secured
- Cooperation with AVL Türkiye in Design of Experimentation
- Testing at TÜBİTAK MAM (Engine Excellence Center)

2019 | Lab and Testing Facility Established
2019 | Lab and Testing Facility Established

- TÜBİTAK 1507 R&D program second grant secured
- Establishment of JAZARI’s lab and testing facility

2020 | Technology Readiness Level 5 Reached
2020 | Technology Readiness Level 5 Reached

- Technology matured, and TRL 5 achieved
- $350,000 investments received at $15 million company value
- Total of $1.25 million seed investments received

2021 | Strategic Partnership with MAQASID
2021 | Strategic Partnership with MAQASID

- Second patent granted by USPTO
- Strategic partnership with MAQASID Portfolio Management
- Capital Market Board (CMB) licensed valuation of $17 million

2022 | Teknopark Istanbul Acceptance
2022 | Teknopark Istanbul Acceptance

- TÜBİTAK 1501 Industrial R&D program grant secured
- Teknopark Istanbul acceptance for facility expansion
- $750,000 investment received at $30.7 million company value
- CMB licensed valuation of $32 million

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