HelioVolt Raises $77 Million

HelioVolt Corp., an Austin, Texas-based developer of thin-film photovoltaics, has raised $77 million in Series B funding. The round was co-led by Paladin Capital Group and Masdar Clean Tech Fund, an affiliate of the Abu Dhabi government. Series A backer New Enterprise Associates also participated, alongside Solucar Energias, Morgan Stanley Principal Investments, Sunton United Energy and Yellowstone Capital. www.heliovolt.com