Thursday, October 1, 2009

Solarmer Raises $4.3M

El Monte-based Solarmer Energy, which is developing flexible solar power technology, has raised $4.3M in an equity funding round, according to a filing by the firm today. Source of the new funding for the company was not disclosed. The investment came from three investors, according to the filing. Solarmer is a spinout of UCLA, and is applying its photovoltaic technology to create solar power panels which can be incorporated into fabrics, for consumer electronics, and other applications where flexible panels overcome limitations of existing technology. Solarmer just startup up a pilot line for its technology in El Monte. More information »

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