Solar cell manufacturer HelioVolt Corp. has raised $77 million in a second round of financing, despite the setbacks seen at a number of other companies using the same “CIGS” technology.
Tech Confidential reports the news here.
Update: This morning, VentureWire (subscription only) has followed and notes the round’s investors: Abu Dhabi’s government-affiliated Masdar Clean Tech Fund and U.S.-based Paladin Capital Group led the round for the Austin, Tex. company. Also participating were Solucar Energias, the solar subsidiary of Madrid-based industrial company Abengoa SA, Morgan Stanley Principal Investments and Sunton United Energy, a Utah venture capital firm.
The company had already raised $9 million.