Suniva.com Gets $75 Million in Funding
July 28, 2009 by Stephen Kersey
Filed under Business
Suniva.com, a company in the solar energy industry, recently landed $75 million in Series C funding round. While the main investor was Warburg Pincus, others participated including HIG Ventures, New Enterprise Associates and APEX Venture Partners.
Many companies out there are trying to capture the solar market, however some experts believe Suniva.com is a step above. Warburg Pincus’s managing director Chansoo Joung believes that this company could one day be lucrative.
Said Joung: “Most solar is undifferentiated, that’s not the case with Suniva. Their cell design and roadmap for commercialization is extremely compelling and represents a unique value proposition for customers.”
Suniva.com’s monocrystalline …read more
