Complete Solaria, a San Ramon, CA-based solar technology, services, and installation company, received a $10M strategic investment from Foris Ventures.
Foris Ventures, LLC, is an entity affiliated with John Doerr, Chairman of Kleiner Perkins.
The commitment is part of a previously announced $30M bridge round, in support of Complete Solaria’s previously announced business combination with Freedom Acquisition I Corp. (“Freedom”) (NYSE: FACT), and is being made in the form of a firm commitment to purchase $10M of convertible notes. The investment from Foris Ventures is in addition to $14.2m from T.J. Rodgers, $3.5m from Freedom’s sponsors and $2m from other investors.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by Will Anderson, CEO, Complete Solaria is a solar company providing technology and an end-to-end customer offering, which is expected to include financing, project fulfilment, and customer service, allowing it to sell more products across more markets and enable more options for customers wishing to make the switch to a more energy-efficient lifestyle.
which is expected to include financing, project fulfilment, and customer service, allowing it to sell products across markets and enable options for customers wishing to make the switch to a more energy-efficient lifestyle.
FinSMEs
13/02/2023