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Home > News > Solar Energy Developer Innovalight Raises $7.5 Million

May 1st, 2006

Solar Energy Developer Innovalight Raises $7.5 Million

Abstract:
Innovalight, Inc., a privately-held firm focused on developing low-cost, nanotechnology-based printed solar cells, today announced that the company has raised an additional $7.5 million in private equity financing.

This Series B financing led by Harris & Harris Group, Inc., includes investment from existing investors Apax Partners, ARCH Venture Partners, Sevin Rosen Funds and Triton Ventures. Innovalight plans to employ this additional capital to accelerate the development of ultra-low cost, lightweight solar cells using a proprietary silicon ink-based technology. (PDF)

Source:
Innovalight

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