Bill Gates (News
- Alert) is among the key investors who participated in a recently completed $35 million Series D rounding of financing by Pittsburgh-based Aquion Energy, Inc.—a developer and manufacturer of low-cost, nontoxic aqueous hybrid ion (AHI) batteries and energy storage systems for the grid.
In the company’s latest financing round, which was led by Moscow-based Bright Capital, Gates was joined by another new backer—Chicago-based Gentry Venture Partners. Returning financiers included Kleiner Perkins Caufield & Byers of Menlo Park, California; Foundation Capital of Atlanta, and Advanced Technology Ventures of Waltham, Massachusetts.
This is not Gates’ first time as at the battery rodeo. He already has funded at least five battery startups–including Cambridge, Massachusetts-based Ambri, which is commercializing a liquid metal battery first invented at the Massachusetts Institute of Technology (MIT (News - Alert)... Read More
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