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September 25th, 2007
Solarity raises $5M for nano-structured solar cells
Solarity Inc., a Georgia Tech spin-out, has raised a $5 million Series A funding led by New Enterprise Associates, Thompson Financial's PE Newswire reports, citing a regulatory filing.
Founded by Ajeet Rohatgi, the company signed a deal with Pennsylvania-based NanoHorizons in August 2006 for exclusive use of its patented solar cell technology.
"Solar energy development has been held up by barriers inherent in cell design. These barriers have now been broken," said Stephen Fonash, founder of NanoHorizons and co-inventor of the patented technology, in a statement at the time.
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