Amonix Secures $129.4M in Series B Financing

Amonix, Inc., a Seal Beach, California-based designer and manufacturer of concentrated photovoltaic (CPV) solar power systems, has raised $129.4m in its Series B financing round.
The investment was led by Kleiner, Perkins, Caufield & Byers, with participation from Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital LP, New Silk Route, The Westly Group, and MissionPoint Capital Partners.

The company will use the proceeds to accelerate deployments of its CPV systems and expand manufacturing capacity.
Amonix previously raised $25m in Series A funding from Goldman Sachs Group and MissionPoint Capital, and also received $15.6m in grant funding through the Department of Energy Solar America Initiative (SAI).
In addition, in 2010, the company received $9.5m in stimulus funding as part of the federal Recovery Act’s Advanced Energy Manufacturing Tax Credit, which will lead to 269 new clean energy manufacturing jobs in Nevada and 167 new jobs in Arizona.

Join the discussion