Levant Power Corporation, a Cambridge, MA-based company developing regenerative suspension technology for the automotive industry, closed its latest financing round. The equity financing round was oversubscribed and features participation from new private investors as well as existing investors.
In conjunction with the funding, the company appointed Vice Admiral Walter Massenburg to its board of directors.
These steps come as Levant Power Corporation signs multiple strategic deals with partners across the automotive, trucking and military equipment industries. The capital infusion will enable the company to accelerate development, expand the team, conduct fleet-wide GenShock pilot testing, and augment test facilities.
FinSMEs
05/05/2010