Eos Energy Storage Garners $5,905,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9c7487a-a713-47c5-bf46-ae3a164bebdc&Preview=1
Date
3/22/2012
Company Name
Eos Energy Storage
Mailing Address
3 East 80th Street New York, NY 10075
Company Description
Eos develops novel, low-cost energy storage solutions for the electric utility and transportation industries. Eos’ mission is to produce cost effective energy storage solutions that are not only less expensive than other battery technologies, but less expensive than the most economical alternative used today to provide the same services–a gas turbine for power generation or an internal combustion engine for vehicle power.
Website
http://www.eosenergystorage.com
Transaction Type
Venture Equity
Transaction Amount
$5,905,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds purposes were not disclosed. SEC regulatory filing-amended.
M&A Terms
Venture Investor
Undisclosed