LightSail Energy Receives $37,300,000 New Financing Round
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=16e19cf2-c75b-4760-a1e8-0a8e53ed427a&Preview=1 -
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
