Amonix Raises $129.4 Million In New Funding

Amonix Inc., a designer and manufacturer of concentrated photovoltaic (CPV) solar power systems, has raised a $129.4 million Series B financing round. The round was led by Kleiner, Perkins, Caufield & Byers.

Other participants include Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital LP, New Silk Route, The Westly Group and current investor MissionPoint Capital Partners.

Amonix says it will use the proceeds to accelerate deployment of its CPV systems and expand manufacturing capacity. The company has previously raised $25 million in Series A funding from Goldman Sachs Group and MissionPoint Capital and received $15.6 million in grant funding through the Department of Energy's Solar America Initiative.

In addition, this year Amonix received $9.5 million in stimulus funding as part of the Advanced Energy Manufacturing Tax Credit, which will lead to 269 new manufacturing jobs in Nevada and 167 new jobs in Arizona.

SOURCE: Amonix Inc.

LEAVE A REPLY

Please enter your comment!
Please enter your name here