1366 Technologies Receives $15,000,000 Series C Funding

  • Feed Type
  • Date
    10/16/2013
  • Company Name
    1366 Technologies
  • Mailing Address
    6-8 Preston Court Bedford, MA 01730
  • Company Description
    1366 Technologies is making silicon solar cells competitive with coal. Our goal is to build on the success of multi-crystalline solar cells and manufacturing capacity to accelerate the transition to solar. Our products and technologies improve on the multi-crystalline solar cell by lowering manufacturing costs and increasing efficiency.
  • Website
    http://www.1366tech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $15,000,000
  • Transaction Round
    Series C
  • Proceeds Purposes
    The new round is earmarked for the construction of 1366’s full-scale manufacturing facility, which will initially produce 250 MW or 60 million standard silicon wafers per year – enough to power more than 30,000 American homes – and ramp up to 1 GW annually.
  • M&A Terms
  • Venture Investor
    Tokuyama
  • Venture Investor
    North Bridge Venture Partners
  • Venture Investor
    Polaris Partners
  • Venture Investor
    VantagePoint Venture Partners
  • Venture Investor
    Energy Technology Ventures

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