Xconomy San Diego

Pentadyne Power Corp. Receives $22,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=01d8ff16-10e1-437d-aa4c-a354b196fcb9&Preview=1
Date
9/23/2008
Company Name
Pentadyne Power Corp.
Mailing Address
20750 Lassen Street Chatsworth, CA 91311- 450
Company Description
Pentadyne Power Corporation designs, manufactures and markets advanced flywheel power systems that provide ride-through power and voltage stabilization for power quality and power recycling applications.
Website
http://www.pentadyne.com
Transaction Type
Venture Equity
Transaction Amount
$22,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The new capital will be used to fuel expansion of the company into new markets, with enhanced energy storage systems and the sales and production of new and existing products.
M&A Terms
Venture Investor
Undisclosed