EtaGen raises $83 million from American Electric Power, Centrica Innovations, Statoil Energy Ventures, Bill Gates, others

EtaGen said it raised $83 million of Series C financing from new investors American Electric Power, Centrica Innovations, Statoil Energy Ventures, KCK Group and Louis M. Bacon, and existing investors Bill Gates and Khosla Ventures. Ten investors participated in the round.

EtaGen has now raised $133 million.

The company manufactures linear generators to deliver electric power to commercial businesses.