Solexel Closes $31m Financing

Solexel, a Milpitas, Calif.-based solar cell and module maker, closed a $31m financing.

Backers included GAF, Kleiner Perkins Caufield & Byers, Technology Partners, DAG Ventures, Northgate Capital, GSV Capital Corp., Gentry Venture Partners and Jasper Ridge Partners.

The company intends to use the funds to begin commercial production of its solar modules.

Certified by National Renewable Energy Laboratory (NREL), Solexel manufactures lightweight, thin‐crystalline‐silicon solar modules, which include integrated smart electronics that enhance performance by reducing the negative impact of shading, soiling and snow cover.



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