Nanosolar lands $70 million
Nanosolar Inc. raised $70 million in venture capital funding.
The company makes "thin film" solar technology, which print metal "inks" onto a type of aluminum foil. Besides its head office in San Jose, where it has a solar cell printing factory, it also has an assembly factory in Luckenwalde, Germany.
OnPoint Technologies Inc., Mohr Davidow Ventures, Ohana Holdings LLC were some of the investors in this round.
Eugenia Corrales in Nanosolar's CEO and Guido Polko is its chariman.
The company plans to hire in both the United States and Europe.
Writing for Earth2Tech, Katie Fahrenbacher points out that the investment highlights "that some investors are still willing to support these thin film solar companies that have taken a decade and hundreds of millions of dollars to move into commercial production."
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