Tech Company Financing Transactions
SolarCity Funding Round
SolarCity closed a $200 million funding round on 7/25/2012. Investors included Credit Suisse.
Transaction Overview
Company Name
Announced On
7/25/2012
Transaction Type
Venture Equity
Amount
$200,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The investments defray the upfront cost of solar panels for SolarCity customers, making it possible for them to install the solar panels for free and pay only for the solar electricity they produce at a discount to utility rates. SolarCity manages the entire process--from permitting and local installation to ongoing monitoring and repairs--from 25 locations distributed across the U.S.
Company Information
Company Status
Acquired or Merged
Industry
Alternative Energy
Mailing Address
3055 Clearview Way
San Mateo, CA 94402
USA
San Mateo, CA 94402
USA
Phone
Website
Email Address
Overview
SolarCity matches advanced solar power technology with a suite of installation services. The company's comprehensive offering removes the technical, regulatory, and financing barriers to solar power, helping customers make smart renewable energy choices that save money.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Elon Musk
Chief Executive Officer
Lyndon Rive
Chief Operating Officer
Peter Rive
VP - General Counsel
Seth Weissman
VP - Human Resources
Linda Keala
Browse more venture capital transactions:
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Next: 7/25/2012: Alarm.com venture capital transaction
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We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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