Kore power announces ~$75m first close of $150m investment round with siemens as lead investor and joined by quanta services

Coeur d'alene, idaho--( business wire )--kore power, inc. (“kore”) has closed the initial $75 million tranche of a private placement (the “financing”) anticipated to total $150 million. siemens financial services was the lead investor and was joined by quanta services with additional strategic partners including nidec motor corporation, honeywell ventures, trog hawley capital and a leading utility scale energy storage provider. goldman sachs & co. llc acted as kore's exclusive placement agent.
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