Siva Power raises $10 mln for solar projects

By Chris Witkowsky — 10 months ago

Siva Power, a solar energy company, has raised $10 million from several sources, including $4 million in funding from DBL Investors, Medley Partners and Acero Capital. Siva also converted $3 million in debt financing the company received in May 2014 from Trident Capital, DBL, Medley and Acero, as well as the city of Wuxi, China as a new investor. The company also received $3 million from the U.S. Department of Energy SunShot Initiative, bringing total capital raised to $10 million.