Primus Power Garners $20,000,000 Series C Round

  • Feed Type
  • Date
    2/4/2014
  • Company Name
    Primus Power
  • Mailing Address
    3967 Trust Way Hayward, CA 94545
  • Company Description
    Primus Power is a leader in low-cost, grid-scale energy storage solutions with a scalable, distributed system that economically serves multiple storage applications including transmission capacity, renewable energy integration and frequency regulation.
  • Website
    http://www.primuspower.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The new money supports 2014 customer shipments, transitioning the Company’s manufacturing to a contract manufacturer, and expanding its sales and customer support organizations.
  • M&A Terms
  • Venture Investor
    Anglo American Platinum
  • Venture Investor
    Undisclosed

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