Nanosolar Gets $70 Mil in Venture Funding

San Jose, California-based Nanosolar Inc., a manufacturer of thin-film solar cells, has received $70 million in venture capital funding, according to Businessweek.

Investors included Mohr Davidow Ventures, Ohana Holdings LLC and Arsenal Venture Partners.

The financing will be used to expand production of thinfilm solar cells and panels, support research and development designed to deliver greater efficiency, and drive faster commercialization of the company’s solar technology.

Nanosolar’s cells are printed onto aluminum foil using inks made of copper-indium-gallium-selenide, an approach that the company says is less expensive than conventional silicon-based solar cells.

To read the full Businessweek article cited in this story, click here

Tags: Fundings , Solar

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