NEW YORK, NY, Qnetic a world leader in long-duration flywheel energy storage systems, has closed a $5 million funding round, its largest capital raise to date.
Qnetic a world leader in long-duration flywheel energy storage systems, has closed a $5 million funding round, its largest capital raise to date. Combined with last year's $2.1 million equity crowdfunding campaign, Qnetic has raised $7.1 million in the past 12 months. Earlier RegCF investors have already seen approximately 25% asset appreciation after conversion to equity.
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