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Xtreme Power Raises $16M In VC Funding

Xtreme Power has secured $16.39 million in venture financing from 12 investors.

Xtreme Power has secured $16.39 million in venture financing from 12 investors, Citybizlist Real Estate reports. The privately held energy storage company’s current institutional investors include Sail Venture Partners, Bessemer Venture Partners, Spring Ventures and SkyLake Incuvest.

Xtreme Power is backed by BP, Fluor, Dominion Transmission,Resources and POSCO. Directors, including Umesh Padval of Bessemer Ventures, F Habicht II and Walter Schindler of Sail Ventures, were the principals named in the firm’s filing with the Securities and Exchange Commission for the latest raise.

Click here for the story from Citybizlist Real Estate.