30 FBI Agents Search Solyndra Offices, Lawmakers Probe Solar Company’s $535M Loan Guarantee

By Reuters News — 4 years ago

(Reuters) – FBI agents searched the offices of Solyndra on Thursday, the U.S. solar startup that received millions of dollars in federal loan guarantees before filing for bankruptcy this week.

The search comes amid intensifying pressure on the Obama administration, which championed Solyndra as being at the forefront of solar technology when President Barack Obama visited the company’s Fremont, Calif., facility in 2010.

The FBI said it was searching for materials, including documents, but did not offer more specifics.

“We are executing search warrants at Solyndra regarding …


Gazelle Gets $22M Round From Craton, Physic, Venrock, RockPort

By Mark Boslet — 4 years ago

Gazelle said Thursday it closed a $22 million series D round of financing led by Craton Equity Partners. The Boston-based e-commerce company’s round received participation from existing investors Physic Ventures, Venrock Associates and RockPort Capital. PRESS RELEASE Gazelle Raises $22 Million Led by Craton Equity Partners Series D Round Primes Gazelle for Continued Industry Leadership […]


GE Backs 10 Companies with $63M

4 years ago

GE and its venture partners are funding 10 home energy start-ups to the tune of $63 million, as part of its $200 million “GE ecomagination Challenge,” the company announced Thursday. The latest round of investments and commercial partnerships are aimed at household energy efficiency. The newly backed companies include Boston-based Ember; Waltham, Mass.-based GMZ Energy; San Mateo, Calif.-based Hara; Austin-based Nuventix; San Francisco-based Project Frog; and San Francisco-based SunRun. GE is co-investing on several companies with venture investors including Kleiner Perkins Caufield & Byers, RockPort Capital and Foundation Capital.


Achates Power Hires CTO

By PEHub Administrator — 4 years ago

Achates Power has hired John Koszewnik as its chief technical officer. The San Diego-based company, which is developing a combustible engine technology, was founded in 2004 and has raised roughly $30 million in recent years, including from Sequoia Capital, Rockport Capital, and InterWest Partners. Koszewnik joins Achates from FEV, in Auburn Hills, Mich., where he was […]


General Catalyst Puts $5.6M More into SustainX

By Jonathan Marino — 5 years ago

SustainX, the New Hampshire-based energy storage company, took on an additional $5.6 million in funding, less than two months after striking a $14.4 million funding with a group of investors. This time, General Catalyst and prior investors chipped in on its funding. Other investors include GE Energy Financial Services, a unit of GE, Cadent Energy Partners, Polaris Ventures, Rockport Capital, Small Business Innovation Research program of the National Science Foundation and the Energy Storage Program of the US Department of Energy.


SustainX Closes $14.4M Round

5 years ago

SustainX, which is developing technology for energy storage using compressed air, has closed on $14.4 million in financing. GE Energy Financial Services, a unit of GE, contributed to the round, as did Cadent Energy Partners and existing shareholders Polaris Ventures and Rockport Capital. New Hampshire-based SustainX previously raised $5.4 million from investors including the Small Business Innovation Research program of the National Science Foundation and the Energy Storage Program of the US Department of Energy.


Solar Installers Are Hot Ticket, Raising Nearly $100M in Past 7 Months

By Mark Boslet — 5 years ago

Venture capitalists aren’t anxious to back solar panel makers, but it’s a whole different story if you’re in the installation business. Since last June, VCs have invested about $99 million in at least five solar panel installation companies. RockPort Capital Partners is the latest to jump into the sector, leading a $7 million Series B […]


Solyndra Files For An IPO

6 years ago

The company designs and manufactures photovoltaic panels and has raised more venture capital this year — $286 million in the third quarter, over $512 million total, according to Thomson Reuters — than any one else.

Equally impressive has been its ability to get money from the government. In March, Solyndra got a $535 million loan guarantee from the Department of Energy to build a second solar panel fabrication plant in California — the first clean tech company to get such a loan. It has applied for a second loan from the DOE of $469 million, according to the S-1, and estimates that the next phase of the fab will cost $642 million.


Second Rotation Raises $6 Million

By PEHub Administrator — 7 years ago

Second Rotation, a Boston-based operator of online “recommerce” site Gazelle, has raised $6 million in Series B funding. RockPort Capital Partners led the round, and was joined by return backers Venrock Associates, Austin Ligon and Henry Vogel.


Project Frog Raising Series B

By PEHub Administrator — 7 years ago

Project Frog, a San Francisco-based developer of sustainable modular buildings and building materials for educational institutions, has secured $4 million of an $8.6 million Series B round, according to a regulatory filing. Rockport Capital Partners is leading the deal. www.projectfrog.com


Who Will Think Global Turn To for $80M?

By Alexander Haislip — 7 years ago

Electric car maker Think Global is out to raise $80 million before the end of the year, according to a report today in VentureWire. The company so far has raised more than $97 million from Draper Fisher jurvetson, Rockport Capital, GE Energy, Element Venture Partners, Capricorn Investment Group (Jeff Skoll’s money), Wintergreen Advisors, CG Holdin, […]