EnerG2 Raises $9.3 Million

EnerG2 raised $9.3 million in financing, according to a SEC filing reported on Geekwire.

“Our investors have seen the successful transition EnerG2 has made from its roots as an energy storage R&D company to a manufacturer of energy storage applications,” said EnerG2 CEO Rick Luebbe said. “These new funds will support EnerG2’s continued efforts with customers and help grow our manufacturing base.”

“At the base level, we make a black powder to store electrostatic energy,” said co-founder and COO Chris Wheaton. “We make ingredients that go into energy storage devices like batteries and ultracapacitors.”

Source: John Cook, Geekwire, December 31, 2012.