Overview

Update
Status
GreenVolts has been closed
Total Equity Funding
$89.3M in 4 Rounds from 2 Investors
Headquarters:
Fremont, CA
Description:
GreenVolts is a solar startup that enables low cost power production.
Founders:
,
Categories:
Energy, Solar, Renewable Energy
Website:
http://www.greenvolts.com
Social:

Company Details

Update
Founded:
2005
Closed:
Closed, Date Unknown
Contact:
415-963-4030
Employees:
51 - 100 | None found in Crunchbase

According to Forbes.com article on 9/12/12 - "...a major investor abruptly withdrew financial support for the company.

'A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,' the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. 'The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage other options, including working with potential buyers of the system, technology and IP.' "


GreenVolts has taken an integrated systems approach to development of complete Concentrating Photovoltaic (CPV) solutions that combines:

•State-of-the-art proprietary highly concentrating optics •¢High precision, low profile, two-axis solar tracking •Intelligent power and control systems •On-board, real time, high resolution performance monitoring

This unique integrated systems approach will achieve industry leading energy productivity and low overall Levelized Cost of Energy (LCOE).

The high energy density of GreenVolts’ CPV system enables low cost power production that can be deployed close to load, further increasing the real value of the energy generated.

Funding Rounds (5) - $96.8M

Update
DateAmount / RoundValuationLead InvestorInvestors
Apr, 2012$15M / Venture1
Dec, 2011$35M / Venture2
Jun, 2011$39M / Series C0
Aug, 2010$7.5M / Debt Financing1
Sep, 2008$300k / Series B1

Offices/Locations (1)

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  • Headquarters

    46400 Fremont Boulevard

    Fremont, CA 94538

    USA

Past Team (7)

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