Pangaea Ventures leads $3.2 mln Series A financing of ESS
Energy Storage System (ESS Inc) has secured US$3.2 million in Series A funding. Pangaea Ventures, a Canadian venture capital firm, led the round with participation from U.S. angel organization Element 8 and other investors. Based in Portland, Oregon, ESS is a developer of a low-cost, long-duration battery for commercial and utility-scale energy storage. It plans to use the round's proceeds to make investments in tooling that will position the company for volume production of its battery components and support its market development activities. ESS was founded in 2011.
7 October 2015•3 mins read
