Magpower
Magpower manufactures CPV solar modules and trackers as an alternative for conventional energy sources.
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Revenue: $0
Employees: 0-0
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Geographic Data
Address:
City: Sintra
State: Lisboa
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Country: Portugal
Financial Info
Stage:
series unknown
Raised Last:
$9M
Raised Total:$9M
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Description
Magpower is one of the world`s largest manufacturer of CPV solar modules and trackers, and is presently expanding the manufacturing capacity to an annualized run rate of 54MW by the end of 2013. By enabling clean and renewable electricity at lower costs, Magpower provides a sustainable alternative to conventional energy sources. The vision to produce solar energy at an affordable price has driven Magpower to become one of the fastest growing manufacturers of solar systems in the world. The MagSun® TRK-180 represents the latest advancements in solar module technology and is rapidly driving down the cost of solar electricity to rates comparable with traditional fossil fuel-based energy sources.
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| Announced Date | Company | Transaction | Money Raised |
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| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 1/2011 | Venture Round | 1 | $9.1M |
Armilar Venture Partners Armilar Venture Partners |
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