# EtaGen closes $83 million Series C round

EtaGen, a manufacturer of Linear Generators, closed an $83 million Series C financing from ten investors including American Electric Power, Centrica Innovations, and Statoil Energy Ventures, to scale manufacturing and operations.

- Type: Investment
- Announced: 2018-01-24
- Where: Menlo Park, California, United States
- Value: $83.0M
- Status: announced
- Products: Linear Generators
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [EtaGen](https://endata.com/companies/29597.md)
- [Khosla Ventures](https://endata.com/companies/15123.md) (investor)
- [American Electric Power](https://endata.com/companies/16081.md) (investor)
- [Centrica Innovations](https://endata.com/companies/29598.md) (investor)
- [Statoil Energy Ventures](https://endata.com/companies/29599.md) (investor)
- [KCK Group](https://endata.com/companies/29600.md) (investor)
- [Louis M. Bacon](https://endata.com/companies/29601.md) (investor)
- [Bill Gates](https://endata.com/companies/29602.md) (investor)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/etagen-closes-83-million-series-c-round-to-commercialize-breakthrough-linear-generator-300587503.html), 2018-01-24: "After proving the fundamentals of our technology and building a world-class technical team, we are now shifting towards the commercialization stage of the company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.