Bloom Energy seeks $100M boost (Silicon Valley)
Bloom Energy Corp. is reportedly seeking another $100 million in investment to help it increase manufacturing of its fuel-cell-based power generators.
Dow Jones Venturewire cites an unnamed source in a report that said that the funding isn't crucial to the Sunnyvale company and would come at a valuation of between $1 billion and $2 billion.
Bloom has been backed with more than $400 million so far from Kleiner Perkins Caufield & Byers, New Enterprise Associates, Morgan Stanley and others.
As of March, it had made 30 of its power generators, installed at Google Inc., eBay Inc., Walmart stores and others.
Read more in the Silicon Valley/San Jose Business Journal.
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