GreenVolts Secures $35,000,000 New Funding

  • Feed Type
  • Date
    12/14/2011
  • Company Name
    GreenVolts
  • Mailing Address
    46400 Fremont Blvd. Fremont, CA 94538
  • Company Description
    The company develops solar concentration technology for utility applications.
  • Website
    http://www.greenvolts.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $35,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Through the investment ABB gains access to GreenVolts’ proprietary technology and can now offer turnkey solutions for concentrating photovoltaic power plants in addition to its current capabilities in solar thermal and conventional photovoltaic power plants.
  • M&A Terms
  • Venture Investor
    ABB Technology Ventures
  • Venture Investor
    Oak Investment Partners