SustainX Garners $5,600,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=517c8957-6151-4ecc-813e-8afb59644b11&Preview=1 - Date
5/4/2011 - 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
$5,600,000 - 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
- Venture Investor
General Catalyst Partners - Venture Investor
Undisclosed
