Tech Company Financing Transactions
Prudent Energy Funding Round
Prudent Energy secured a $29.5 million funding round on 10/12/2011. Investors included Mitsui & Co., IDinvest Partners and Northern Light Venture Capital.
Transaction Overview
Company Name
Announced On
10/12/2011
Transaction Type
Venture Equity
Amount
$29,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Prudent said it would use its new infusion of capital to continue driving down the costs of delivering its energy storage systems and to increase its sales into MW-class markets in Asia, Europe and North America.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
4800 Hampden Ln. 200
Bethesda, MD 20814
USA
Bethesda, MD 20814
USA
Phone
Website
Email Address
Overview
Prudent Energy is an energy storage technology developer, manufacturer and systems integrator, specializing in the patented VRB Energy Storage System (VRB-ESS).
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Ping Yu
VP - Operations
YC Zeng
VP - Sales
Jim Stover
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC transactions reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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