SolarCity Lands $200,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0f4fec45-e972-4264-a278-0c4cfb49f147&Preview=1 -
Date
7/25/2012 -
Company Name
SolarCity -
Mailing Address
3055 Clearview Way San Mateo, CA 94402 -
Company Description
SolarCity matches advanced solar power technology with a suite of installation services. The company’s comprehensive offering removes the technical, regulatory, and financing barriers to solar power, helping customers make smart renewable energy choices that save money. -
Website
http://www.solarcity.com -
Transaction Type
Venture Equity -
Transaction Amount
$200,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The investments defray the upfront cost of solar panels for SolarCity customers, making it possible for them to install the solar panels for free and pay only for the solar electricity they produce at a discount to utility rates. SolarCity manages the entire process—from permitting and local installation to ongoing monitoring and repairs—from 25 locations distributed across the U.S. -
M&A Terms
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Venture Investor
Credit Suisse
