New Delaware Chapter 11 Filing – Aquion Energy, Inc.

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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.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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