Aquion Energy Receives $20M Venture Debt Loan

Aquion_EnergyAquion Energy, Inc., a Pittsburgh, PA-based developer of stage energy storage batteries, received a $20m venture debt loan.

Backers included Trinity Capital Investment and CapX Partners.

The company intends to use the proceeds to continue building and scaling the business.

In January 2014, Aquion closed a $55m Series D round of equity funding from Bill Gates, Yung’s Enterprise, Tao Invest, Bright Capital, and Gentry Venture Partners. It manufactures proprietary Aqueous Hybrid Ion (AHI™) batteries and battery systems for stationary energy storage applications. AHI batteries are optimized for off-grid and microgrid systems, energy management, and grid-scale applications.



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08/01/2014: Aquion Energy Raises Additional $20M Series D Financing
02/04/2013: Aquion Energy Holds First Close of $35M Series D Financing

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