TPI Composites Raises $22 M in Growth Equity Financing

TPI Composites, Inc., a manufacturer of large-scale composite structures for the wind energy, transportation, and military vehicle markets, announced that it has closed $22 million in Series A Convertible Preferred equity financing from new and existing investors.

NGP Energy Technology Partners led the investment round and was joined by Angeleno Group and return investor, Landmark Growth Capital Partners.

“We believe the energy experience of NGP and Angeleno Group…will serve TPI well at this important time in the life of our company,” stated TPI President and Chief Executive Officer Steven C. Lockard. “We expect our wind business to continue its dramatic growth in North America and China over the next couple of years.”

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