On February 17th, 2012, thin film solar PV manufacturer Nanosolar Inc. (San Jose, California, U.S.) announced that it has closed a USD 20 million funding round. Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL.

"We are excited to renew our investment and strongly believe in Nanosolar's technology and the team's ability to compete with current market leaders by delivering on its low cost promise," said Erik Straser of Mohr Davidow Ventures.


Printing technology for low cost harvesting of solar energy

Nanosolar intends to use funding for continued expansion as well as newly committed projects. Within the last six months, the company has announced a number of milestones and projects that have helped strengthen its position as a thin film solar cost leader.

"We believe solar printing is the future of low cost harvesting of solar energy," said Erik Oldekop of aeris CAPITAL. "We are eager to be a part of Nanosolar's growth and validation."

2012-02-21| Courtesy: Nanosolar | solarserver.com © Heindl Server GmbH

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