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Ann Arbor’s PicoSpray has been sold by Invest Michigan and Invest Detroit to an unnamed OEM. // Photo courtesy of PicoSpray

Ann Arbor’s PicoSpray Sold to OEM Via Invest Michigan and Invest Detroit

March 17, 2020

This is an article about exited portfolio company, Picospray.

Lansing-based Invest Michigan and Detroit’s Invest Detroit have sold Ann Arbor’s PicoSpray to an unnamed OEM. PicoSpray is an industrial engineering company that replaces a carburetor in small engines with a low-cost electronic fuel injection system.

Invest Michigan and Invest Detroit were the only institutional investors that supported the company since its founding in 2015.

View source version on dbusiness.com: https://www.dbusiness.com/daily-news/ann-arbors-picospray-sold-to-oem-via-invest-michigan-and-invest-detroit/

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