Thin film solar printing specialist Nanosolar, Inc. announced that it has closed $20 million to fund continued expansion as well as newly committed projects. Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL.
"We are excited to renew our investment and strongly believe in Nanosolar’s technology and the team’s ability to compete with current market leaders by delivering on its low cost promise," said Erik Straser of Mohr Davidow Ventures.
"We believe solar printing is the future of low cost harvesting of solar energy," said Erik Oldekop of aeris CAPITAL. "We are eager to be a part of Nanosolar’s growth and validation."
"This represents the beginning of an exciting new period of growth for Nanosolar," said Nanosolar CEO Eugenia Corrales. "With our team firmly entrenched, we will be unveiling new projects and new partners as part of our commitment to deliver the industry’s lowest cost thin film solar solution."
Nanosolar combines proprietary technology with advanced system design and manufacturing processes to reduce both panel and balance of system costs. Together, these advantages drive Nanosolar’s mission to be the low cost solar provider, independent of subsidies.
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