US-based battery manufacturer Aquion Energy has raised $24.6m out of a $32.6m equity funding round, acccording to a recent regulatory filing. A total of eight investors contributed capital.
Aquion produces ion batteries and battery systems for stationary energy storage applications. The batteries are optimised for off-grid, microgrid and energy storage on a commercial and industrial level
The company secured $55m in a series D round in January from corporate-backed venture captal firm Bright Capital, Kleiner Perkins Caufield & Byers, Advanced Technology Ventures, Gentry Venture Partners and private investors. It has raised more than $112m in total equity funding, according to press releases and SEC filings.