Solar start-up SolFocus relies on familiar Indian player: Moser Baer
SolFocus, a Palo Alto start-up building solar technology that better concentrates the sun’s power, is relying on a familiar player as its latest investor: India’s manufacturing giant Moser Baer.
SolFocus yesterday named Moser Baer as the final investor participating in its $32 million round of venture capital (a round we already reported, when we noted the company’s whopping $70 million valuation). Moser Baer contributed $7 million.
Moser Baer, as you’ll recall, was a lead investor in another… Continue Reading
Solaria raises $22M to lower cost of solar cell manufacturing
Solaria, a Fremont start-up that offers a way for solar cell manufacturers to lower costs by using less silicon, said it has raised $22 million in a second round of funding.
The funding comes from Q-Cells, the second largest producer of silicon solar cells, venture capital firms Sigma Partners and NGEN Partners, and Moser Baer, a large Indian manufacturer of CDs and DVDs.
Solaria’s emergence is significant because it wants to solve the solar industry’s biggest bottleneck:… Continue Reading