Kennewick, Washington [RenewableEnergyAccess.com] Infinia Corporation has announced that it closed on a $50 million Series B Preferred Stock financing round led by GLG Partners.
There was also participation from Wexford Capital LLC and prior investors Vulcan Capital, Khosla Ventures, EQUUS Total Return, Inc., Idealab and Power Play Energy, LLC. The proceeds from the financing will be used to fund the commercial launch of the Infinia Solar System.
“This financing represents a very important turning point for Infinia,” said J.D. Sitton, president and CEO of Infinia. “With the support of this outstanding investor group, the inspired and diligent effort of our team, and the commitment of our key supply-chain partners, we are clearly on track to begin manufacturing and selling our Infinia Solar System product later this year. This product will change the game in the solar power generation market.”