17 Jul '12, 3pm

Solexel, Unstealthed Thin Silicon Solar Startup, Raises $36.5M: Last week, we covered the unveiling of Solexel...

Solexel, Unstealthed Thin Silicon Solar Startup, Raises $36.5M: Last week, we covered the unveiling of Solexel...

Last week, we covered the unveiling of Solexel, a thin-silicon technology startup hoping to bring 20-percent-efficient photovoltaic modules at a cost of $0.42 per watt to the market in 2014. At the time, the 70-employee firm was in the midst of a Series C round. That round has now raised $11.5 million, on top of a previous $25 million in May, reaching a current total of $36.5 million for its Series C so far, according to documents filed with the U.S. Securities and Exchange Commission. On top of $113 million from its first two venture capital rounds, that brings the startup's total to just shy of $150 million -- and the company hasn't closed its Series C round yet. Here's our report from last week's Intersolar conference in San Francisco, detailing just what Solexel intends to do with the money: It's the same solar startup story of high efficiency, low costs and low capex ...

Full article: http://www.greentechmedia.com/articles/read/Solexel-Thin-...

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