by Martin LaMonica Font size Print E-mail Share 3 comments Share
Stion, one of dozens of companies racing to oust current solar market leaders, has raised $70 million to ramp up production of its thin-film solar cells and modules.
The San Jose, Calif.-based start-up said on Wednesday it has raised $50 million from Taiwanese Semiconductor Manufacturing Company (TSMC), which will take a 21 percent stake in Stion and produce solar panels for it. Existing investors Khosla Ventures, Braemar Energy Ventures, Lightspeed Venture Partners, and General Catalyst Partners also invested, bringing the total Stion has raised since 2006 up to $114.6 million.
View the Original article