Solar company Infinia raises $50 mln in funding
SAN FRANCISCO |
SAN FRANCISCO (Reuters) - Solar technology company Infinia Corp said on Monday it has raised $50 million in a second round of financing to fund a product that harvests energy from sunlight to generate clean power.
New entrants GLG Partners and Wexford Capital invested in the latest round. Prior investors include big names like Silicon Valley's clean technology entrepreneur Vinod Khosla's Khosla Ventures, Vulcan Capital and Idealab.
Infinia expects to begin manufacturing and selling its "Solar System" product later this year, the company said in a statement.
Infinia, based in Kennewick, Washington, secured a $9.5 million round of venture financing in June 2007 to fund commercialization of an engine that uses concentrated solar power.
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