Primus Power Receives $11,000,000 New Financing

  • Feed Type
  • Date
    5/31/2011
  • Company Name
    Primus Power
  • Mailing Address
    3967 Trust Way Hayward, CA 94545
  • Company Description
    Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation.
  • Website
    http://www.primuspower.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This new round of financing will allow us to develop our first full scale system and quickly move toward commercialization.
  • M&A Terms
  • Venture Investor
    DBL Investors
  • Venture Investor
    I2BF Venture Capital
  • Venture Investor
    Chrysalix Energy Venture Capital
  • Venture Investor
    Kleiner Perkins Caufield & Byers

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