SustainX Obtains $14,400,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f83c327e-7115-45e8-bb77-0da99d154571&Preview=1 -
Date
3/16/2011 -
Company Name
SustainX -
Mailing Address
7 Commerce Ave. West Lebanon, NH 03784 -
Company Description
SustainX is an energy storage technology developer whose solution is cost effective, low maintenance, non-toxic, and highly efficient. The technology is being developed to provide a solution for enhancing the value of renewable energy, commercial and industrial energy management, and transmission asset utilization and optimization. -
Website
http://www.sustainx.com -
Transaction Type
Venture Equity -
Transaction Amount
$14,400,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
We are on schedule to develop a grid-scale prototype to be demonstrated at an affiliated AES site where we can showcase our transformative energy storage technology. -
M&A Terms
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Venture Investor
Polaris Venture Partners -
Venture Investor
Rockport Capital Partners -
Venture Investor
GE Energy Financial Services -
Venture Investor
Cadent Energy Partners
