LightSail Energy Receives $37,300,000 New Financing Round

  • Feed Type
  • Date
    11/6/2012
  • Company Name
    LightSail Energy
  • Mailing Address
    914 Heinz Avenue Berkeley, CA 94710
  • Company Description
    LightSail Energy is developing energy storage systems that use compressed air as the storage medium. Energy storage is the key to modernizing the electrical grid world-wide. Energy storage allows intermittent renewable sources, such as solar and wind, to deliver energy on demand. It can level out demand, reducing the need for high-carbon-emitting peaker plants.
  • Website
    http://www.lightsailenergy.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $37,300,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Individual Investor
  • Venture Investor
    Individual Investor
  • Venture Investor
    Khosla Ventures

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