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Endurance Wind Power Closes Series C Financing with Yaletown Venture Partners
Thursday, June 12, 2014
Vancouver, BC, June 12, 2014--(T-Net)--Yaletown Venture Partners announced today that it has closed a Series C financing round with Endurance Wind Power supporting its growth strategy.
The investment is aimed in part at helping Endurance expand revenues and market share by helping fund production of its larger X-Series 225KW turbine in a UK-based assembly plant.
The new turbine is targeted specifically at farmers who wish to reap a higher financial return and power output than from smaller turbines, but don't want to install materially larger towers. Endurance has the largest installed base of 50-100kW wind turbines in the world and the X-Series is a key strategy in place to increase revenue, and ensure loyalty, among current customers.
Endurance Wind Power is a Canadian and UK-based manufacturer of advanced small wind turbines, both 50kW and 225kW in size, designed specifically for distributed wind power applications.
Terms of the financing have not been disclosed.
About Endurance Wind Power
Endurance Wind Power is a manufacturer of advanced wind turbines 50kW and 225kW in size, designed specifically for distributed wind power applications. Their line of modern, induction-based wind turbines brings efficient, reliable, safe and quiet, renewable energy within reach of homeowners, farmers, businesses and institutions across North America, the United Kingdom and an expanding global market