Bloomberg News

SunPower-Backed Solar Panel Maker Solexel Receives $14.7 Million

June 21, 2013

Solexel Inc., a closely held U.S. solar-panel maker that’s backed by SunPower Corp. (SPWR:US), received $14.7 million in equity investments from 12 backers, according to a filing.

The company, based in Milpitas, California, didn’t name the investors in a document filed today with the U.S. Securities and Exchange Commission. Solexel listed directors from SunPower and Intel Corp. as well as venture capital companies Kleiner Perkins Caufield & Byers, Technology Partners and DAG Ventures.

Mark Kerstens, Solexel’s chief financial officer, didn’t immediately return phone and e-mail messages today seeking comment about the funding.

SunPower invested in Solexel last year.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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    (SunPower Corp)
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