HelioVolt grabs $77M more for solar tech — despite hiccups in CIGS

updated

Solar cell manufacturer HelioVolt Corp. has raised $77 million in a second round of financing, despite the setbacks seen at a number of other companies using the same “CIGS” technology.

[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":24068,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"A"}']

Tech Confidential reports the news here.

Update: This morning, VentureWire (subscription only) has followed and notes the round’s investors: Abu Dhabi’s government-affiliated Masdar Clean Tech Fund and U.S.-based Paladin Capital Group led the round for the Austin, Tex. company. Also participating were Solucar Energias, the solar subsidiary of Madrid-based industrial company Abengoa SA, Morgan Stanley Principal Investments and Sunton United Energy, a Utah venture capital firm.

The company had already raised $9 million.