CapX Participates in $36.8 million Aquion Energy financing
Aquion Energy, Inc., the developer and manufacturer of Aqueous Hybrid Ion (AHI™) batteries and energy storage systems, announced the closing of a tactical $36.8 million Series E financing round which will support growing customer-facing resources, scaling production, and deploying projects with partners worldwide. CapX Partners is proud to be part of the investment team.
This comes on the heels of an earlier investment in the company. This past spring, Trinity Capital Investment and CapX partnered together to deliver a $20 million credit facility that includes an interest only period to assist Aquion with its cash flow and continued commercialization of its energy solutions while providing the flexibility for additional debt capital in the future.
The latest Series E financing included participation from new investors including: the business interests of Gigi Pritzker Pucker and Michael Pucker represented by DNS Capital, LLC; Constellation Technology Ventures, the venture capital arm of Exelon Corporation; Total Energy Ventures; Shell Technology Ventures; and CapX Fund IV, LP.
