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Lightwave Power Closes Series A Round

Lightwave Power, a Cambridge, MA, startup developing a roll-to-roll process for manufacturing solar cells on flexible substrates, said today that it has closed a Series A financing round led by Quercus Trust, a stealthy Southern California investment group. 21Ventures of New York was named as a co-investor. Lightwave’s announcement did not disclose the amount of the investment, but a report in Earth2tech puts it at $13 million.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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