Via KEXP, I found another nouveau retro band that isn't terrible. In fact, I quite enjoy these guys. Howlin' Rain was founded by Ethan Miller, who also founded Comets on Fire which I briefly lauded previously.
They sound kind of like a cross between krautrock (a la the German band Jeronimo) and Deep Purple. Here's a video of a live performance of the above studio track.
I've listened to both of their albums and recommend them both.