NanoSolar Gets $20 Million from Equity Firms

Thin-film solar manufacturer Nanosolar Inc., San Jose, Calif., has an additional $20 million in funds to continue its expansion, thanks to a cash infusion by current investors Mohr Davidow Ventures and OnPoint Technologies, Inc., and new investor Aeris Capital. Nanosolar made headlines several years ago when it first announced its unique technology of printing CIGS (Copper, Indium, Gallium, Selenium) and nanoparticle inks onto flexible substrates and a blue-chip roster of investors, which includes high-profile investment companies and Google founders Larry Page and Sergey Brin. The company recently announced that Eugenia Corrales would be taking over at CEO for Geoff Tate, who retired after two years at the company. A company release said that for the past 18 months Corrales managed all operations, as well as engineering, purchasing and planning.