Sunnyvale, Calif.-based Innovalight Inc., which sells silicon ink and advanced solar cell process technology, has inked $3.4 million in funding under the SunShot initiative by the U.S. Department of Energy. The money will help the company accelerate the development and production of silicon ink material and processes for high efficiency solar cells. With more than $63 million raised previously, Innovalight is also backed by EDB Investments of Singapore, Vertex Venture Holdings, Apax Partners, ARCH Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures.
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Soliant Energy, a Monrovia, Calif.-based solar module manufacturer, has raised nearly $21 million in Series B funding. Convexa Capital was joined by GE Energy Financial Services and return backers Nth Power, Rockport Capital Partners and Trinity Ventures. The company had previously raised $9 million. PRESS RELEASE GE Energy Financial Services, a unit of [...]