Silent Power Garners $8,000,000 New Financing

  • Feed Type
  • Date
    7/13/2012
  • Company Name
    Silent Power
  • Mailing Address
    8175 Industrial Park Rd. Baxter, MN 56425
  • Company Description
    Silent Power was founded in 2002 with an initial focus on innovative and reliable power conversion and energy storage equipment for the off grid market. The company created patented technology to allow a high frequency, micro-transformer to handle large surge currents that are typical when starting electric motor loads. This technology allowed the company to create performance, packaging, and cost advantages over existing power conversion technologies.
  • Website
    http://www.silentpwr.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $8,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    We will be hiring a number of new employees, starting with some high-end engineering positions.
  • M&A Terms
  • Venture Investor
    Hanwha SolarOne

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