Mechanology Brings in $5.8M

Mechanology, an Attleboro, MA-based cleantech company, has raised $5.8 million in an equity offering that could total $6.5 million, according to an SEC filing. Four investors participated in the financing, according to the federal documents. Mechanology, first founded in 1989, has previously received funding from the Department of Energy to design a more efficient air management system for automotive fuel cells, using its compressor and expander technology.

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