Stion Obtains $130,000,000 New Round

  • Feed Type
  • Date
    12/21/2011
  • Company Name
    Stion
  • Mailing Address
    6321 San Ignacio Avenue San Jose, CA 95119
  • Company Description
    Stion Corporation (formerly NStructures) is a solar photovoltaics company developing high-efficiency thin-film modules. The Company is aiming to minimize the total installed system costs of solar electricity.
  • Website
    http://www.stion.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $130,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Stion is continuing the planned expansion of its US manufacturing facility in Hattiesburg, MS. Stion will establish a subsidiary in Korea (“Stion Korea”) to build a thin-film module factory to help serve the Asian and European markets. Stion will make a $35M initial investment into Stion Korea.
  • M&A Terms
  • Venture Investor
    AVACO
  • Venture Investor
    Khosla Ventures
  • Venture Investor
    Taiwan Semiconductor Manufacturing Co.
  • Venture Investor
    Lightspeed Venture Partners
  • Venture Investor
    Braemar Energy Ventures
  • Venture Investor
    General Catalyst Partners

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