Sept. 29 (Bloomberg) — Aquion Energy Inc., the energy-storage developer backed by Bill Gates, received about $25
million from eight investors in its latest equity round.
The Pittsburgh-based company was seeking approximately $33
million, according to a filing today with the U.S. Securities
and Exchange Commission. Phone messages left for Elizabeth Pond,
a company spokeswoman, weren’t immediately returned.
The closely held company received a $20 million loan to
refinance existing debt in May, and Chief Executive Officer
Scott Pearson said then he may seek additional capital this
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Will Wade, Robin Saponar