GreenVolts is a solar startup that enables low cost power production.
Business Model:
Revenue: $16M
Employees: 51-200
Address: 46400 Fremont Blvd
City: Fremont
State: CA
Zip: 94538
Country: US
According to Forbes.com article on 9/12/12 - "...a major investor abruptly withdrew financial support for the company. &s;A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,&s; the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. &s;The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.&s; " _____ GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines: •State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE). The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.
Contact Phone:
+15109337000
Contact Email:
Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 10/2007 | Series A | $0 |
Greenlight Energy Greenlight Energy |
8/2010 | Debt Financing | 1 | $7.5M |
Oak Investment Partners Oak Investment Partners |
12/2011 | Venture Round | 2 | $35M |
Oak Investment Partners ABB Technology Ventures ABB Technology Ventures Oak Investment Partners ABB Technology Ventures ABB Technology Ventures |
4/2012 | Venture Round | 1 | $15M |
Oak Investment Partners Oak Investment Partners |
9/2008 | Series B | 1 | $300k |
Oak Investment Partners Oak Investment Partners Oak Investment Partners Oak Investment Partners |
6/2011 | Series C | $39M | 10/2007 | Series A | 1 | $10M |
Greenlight Energy Greenlight Energy Greenlight Energy Greenlight Energy |
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