SolFocus Completes $32M Series A Financing
American Venture Magine reports that SolFocus, Inc., a maker of solar concentrator photovoltaic systems, has signed a manufacturing and distribution agreement with Moser Baer India Ltd. of New Delhi. Moser Baer invested $7 million in SolFocus, closing out its $32 million Series A funding.
The deal will make Moser Baer a volume manufacturer of SolFocus products and the exclusive distributor of SolFocus’ solar panels in India and neighboring countries.
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