Concentrated photovoltaic (CPV) solar company Amonix, Inc. announced Wednesday that it has raised a $129.4 million Series B financing round led by Kleiner, Perkins, Caufield & Byers.
Other participants in the round include Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital LP, New Silk Route, The Westly Group, and current investor MissionPoint Capital Partners.
Amonix said it will use the proceeds to accelerate deployments of its CPV systems and expand manufacturing capacity.
Ben Kortlang, a partner of Kleiner, Perkins, Caufield & Byers, said Amonix CPV systems have emerged as the lowest cost solar technology for sunny and dry environments.
Amonix previously raised $25 million in Series A funding from Goldman Sachs Group and MissionPoint Capital, and also received $15.6 million in grant funding through the Department of Energy Solar America Initiative (SAI).
In 2010, Amonix received $9.5 million in stimulus funding as part of the federal Recovery Act’s Advanced Energy Manufacturing Tax Credit, which will lead to 269 new clean energy jobs in Nevada and 167 new jobs in Arizona.
