Solyndra Secures $75,000,000 New Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5c6aa64-99c7-4b2f-9f78-8ace45ae29e3&Preview=1 -
Date
2/28/2011 -
Company Name
Solyndra -
Mailing Address
47700 Kato Road Fremont, CA 94538 -
Company Description
The company is developing high efficiency photovoltaics for the generation of solar power. -
Website
http://www.solyndra.com -
Transaction Type
Debt -
Transaction Amount
$75,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The proceeds from the financing will be used to support Solyndra’s working capital requirements, accelerate the Company’s ongoing cost reduction activities and execute its expanded channel and segment sales and marketing strategy. -
M&A Terms
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Venture Investor
Undisclosed
