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Venture Capital

Aquion, The Advanced Battery Startup Funded By Bill Gates And Kleiner Perkins, Is Bankrupt

by greentechmedia.com posted 1year ago 588 views
Shortly after receiving an award from the Cleantech Group for North American company of the year (yet another kiss of death), Aquion declared bankruptcy. Aquion raised a total of $190 million in venture capital and debt for its saltwater batteries intended for long-duration storage. Having an impressive list of investors just doesn't translate to market success.