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Solar system manufacturer Solyndra raises $219m in Series E financing round

5 January 2009

Solar system manufacturer Solyndra has raised $219.2m in a Series E financing from 23 investors, according to reports. Investors included Argonaut Ventures, U.S. Venture Partners, CMEA Ventures and Redpoint Ventures.

In November of last year, Solyndra, signed a long-term sales contract worth $320m with Carlisle Energy Services.

Solyndra designs and manufactures photovoltaic systems, comprised of panels and mounting hardware, for the commercial rooftop market.

Copyright © 2009 newnet

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