Sunverge Energy Garners $15,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e42844b5-730d-4b1c-a863-b8d5fafcda9d
Date
6/19/2014
Company Name
Sunverge Energy
Mailing Address
6665 Hardaway Road Stockton, CA 95215 USA
Company Description
The Sunverge SIS is a simple, intelligent and cost-effective distributed energy storage system that captures solar power and delivers it when needed most. It combines batteries, power electronics, and multiple energy inputs in a UL-certified appliance that is remotely managed and controlled by software running in the cloud.
Website
http://www.sunverge.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series B
Proceeds Purposes
The investment will support immediate growth opportunities for Sunverge in key markets worldwide.
M&A Terms
Venture Investor
Venture Investor
Venture Investor