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via vcnewsdaily.comCapital Markets

Peak Energy Raises $108M Series B Led by General Motors

FROM THE WIRE · VCNEWSDAILY.COM

BURLINGAME, CA, Peak Energy, the leading developer of passively cooled sodium-ion energy storage systems for the grid, announced the closing of its oversubscribed Series B financing round led by General Motors.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA sizeable private round in energy storage led by a major industrial group, relevant for the sector but with no listed-asset impact.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Peak Energy develops passively cooled sodium-ion energy storage systems for the grid.
  2. 02The $108 million Series B round was announced as oversubscribed.
  3. 03The round is led by General Motors.

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