Monday, April 28, 2008

ReliOn Secures "C" Round Financing

Spokane, Wash.: ReliOn, the leading provider of high-reliability fuel cell solutions for backup power applications, announced today that it has secured an additional U.S. $23 million in equity financing as a result of Series C funding activities. ReliOn welcomed two new investors into the C round: the PCG Clean Energy & Technology Fund, LLC of La Jolla, California, and Robeco Clean Tech Private Equity II (“Robeco”) of Rotterdam, Netherlands. Link.