Pentadyne Secures Series B Funding

August 07, 2002 by Jeff Shepard

Pentadyne Power Corp. (Sun Valley, CA) announced that it has secured funding in its Series B round. Nth Power, a leading venture capital firm specializing in energy technology, was the lead investor. Other investors include DTE Energy Technologies Inc. (Detroit, MI), MVV Innovationsportfolio (Germany), Angels with Attitude and private investors.

"We are delighted to have the backing of an outstanding group of investors led by Nth Power," said Paul Craig, co-founder and CEO of Pentadyne. "These investors bring significant financial and marketplace expertise to Pentadyne. Their support comes as we prepare to roll out beta units in response to strong and broad-based customer interest for our flywheel systems in a wide range of applications."