Konarka Technologies, Inc. has raised $45 million. Led by Mackenzie Financial and co-investor Good Energies, Pegasus Capital also participated, along with existing investors Draper Fisher Jurvetson, Asenqua Ventures, New Enterprise Associates, 3i and others.
“Konarka has aggressive plans to accelerate the development and commercialization of our polymer-based organic photovoltaic (OPV) technologies for consumer, commercial, BIPV and electronic applications,” commented Rick Hess, president and CEO of Konarka. “This latest round of financing will help to accelerate our plan to bring Konarka’s organic photovoltaic material, Power Plastic, to market.”
Howard Berke, executive chairman of the board at Konarka, stated, “This funding further strengthens our balance sheet as we scale up to introduce Power Plastic commercially. We are in an optimal financial position to launch our renewable energy technology into a variety of markets.”
Loading...