Aquion Energy, Inc., a manufacturer of environmentally-friendly commercial and industrial batteries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-10500-KJC). Aquion, which utilizes a patented “Aqueous Hybrid Ion” design in its batteries, acquired fame in 2014 after raising $36.8 million in venture capital funding from investors including Bill Gates and members of the Pritzker family. Aquion’s petition reports $10 million to $50 million in both assets and liabilities. Aquion’s initial matrix of creditors may be found here. The case has been assigned to the Honorable Kevin J. Carey.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.