PROJECT

Projects

Summary of Investment Information

Project Number

33274

Company Name

FLUIDIC, INC.

Date SPI Disclosed

Aug 15, 2013

Country

World Region

Region

Global

Projected Board Date

Sep 16, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Sep 30, 2022

Department

TMT, Venture Capital & Funds

Industry

Manufacturing

Previous Events

Approved : Sep 17, 2013
Signed : Oct 29, 2013
Invested : Nov 5, 2013

Sector

Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)

Project Description

Headquartered in Scottsdale, Arizona, Fluidic Energy (“Fluidic” or “the Company”) is an early stage provider of energy storage systems with significant operations in Indonesia. Founded in 2007, the Company supplies zinc-air batteries to support critical loads and backup power applications worldwide. The Company’s products are capable of covering ultra-long outages at the lowest cost, and include remote site management, multi-year performance warranties and innovative financing terms. Additionally, Fluidic’s solutions offer customers significant operating and capital savings making it a viable alternative to the backup incumbent: diesel generators and lead-acid batteries.

The Company’s proposed investment plan is focused on the scale up of production in Indonesia, the acceleration of its commercial rollout in the emerging markets and continued research and development.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation