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HelioVolt Raises $8.5M

Austin-based HelioVolt, the developer of thin film photovoltaic solar power modules, has raised $8.5M, in what appears to be the first funding on an ongoing $10M funding round. The funding came to light via a regulatory filing by the firm Friday. No details on the funding round have been announced by the firm yet. HelioVolt has previously raised funding from Masdar Clean Tech Fund, Morgan Stanley, New Enterprise Associates, Paladin Capital Partners Fund, Solucar Energia, Sunton United Energy, Texas Emerging Technology Fund, and Yellowstone Capital. More information »