1366 Technologies Receives $15,000,000 Series C Funding
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Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1fdc616a-22d9-413f-823a-418bb1ef9774
Date 10/16/2013
Company Name 1366 Technologies
Mailing Address 6-8 Preston Court Bedford, MA 01730
Company Description 1366 Technologies is making silicon solar cells competitive with coal. Our goal is to build on the success of multi-crystalline solar cells and manufacturing capacity to accelerate the transition to solar. Our products and technologies improve on the multi-crystalline solar cell by lowering manufacturing costs and increasing efficiency.
Proceeds Purposes The new round is earmarked for the construction of 1366’s full-scale manufacturing facility, which will initially produce 250 MW or 60 million standard silicon wafers per year – enough to power more than 30,000 American homes – and ramp up to 1 GW annually.