28 Jul '11, 11pm

Bridgelux Funding Hits $180 Million: Bridgelux, which makes light emitting diodes (LEDs) and other technology

Bridgelux, which makes light emitting diodes (LEDs) and other technology for solid state lights and bulbs, has raised $60 million in a fifth round of funding , according to an SEC filing. The company to date has raised $180 million and it might add $20 million more to the current round. That's not the most ever raised by a green technology company. Solyndra raised over $1 billion from its investors. BrightSource Energy has raised $530 million. Fisker Automotive has raised over $1 billion and delivered one car. Building factories takes quite a bit of cash. Nonetheless, Bridgelux’s total might be the most ever raised by a lighting company. Some will see it as a positive -- Bridgelux now has funds to grow. Others will ask what they’ve been doing with the cash they got earlier. Competitor Luminus Devices has raised $172 million since 2002, but booming sales have always seeming...

Full article: http://www.greentechmedia.com/articles/read/bridgelux-fun...

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