GreenVolts Secures $35,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=985b4ce3-1022-4bb9-98ee-3c0297a791c9&Preview=1 -
Date
12/14/2011 -
Company Name
GreenVolts -
Mailing Address
46400 Fremont Blvd. Fremont, CA 94538 -
Company Description
The company develops solar concentration technology for utility applications. -
Website
http://www.greenvolts.com -
Transaction Type
Venture Equity -
Transaction Amount
$35,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Through the investment ABB gains access to GreenVolts’ proprietary technology and can now offer turnkey solutions for concentrating photovoltaic power plants in addition to its current capabilities in solar thermal and conventional photovoltaic power plants. -
M&A Terms
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Venture Investor
ABB Technology Ventures -
Venture Investor
Oak Investment Partners
