Monday, June 18, 2007

SV Solar gets $10.2M funding, acquires NuEdison

Silicon Valley Solar Inc. said Monday it received $10.2 million in a first round of funding and acquired NuEdison Inc.

Santa Clara-based SV Solar said the round was led by Bessemer Venture Partners, which has an office in Menlo Park.

The company did not disclose financial or other terms of the deal with San Jose-based NuEdison, an angel-funded maker of photovoltaic modules for use in solar electric systems.

SV Solar, which was founded in 2006, makes flat plate internal concentrator solar modules.

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