SolarCity Raises $81 Million In New Equity Finance Round


SolarCity has raised $81 million in its latest round of equity financing. The round was co-led by Silver Lake Kraftwerk and Valor Equity Partners, and included investments from Nicholas J. Pritzker, partner at Tao Ventures and senior development advisor for Hyatt Hotels Corp., and Shea Ventures, an affiliate of SolarCity partner Shea Homes.

SolarCity Chairman Elon Musk and existing SolarCity investor DBL Investors also participated.

The new financing is expected to fund SolarCity's expansion of sales, marketing and operations, technology development and potential acquisitions, the company says.

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