Tech Company Financing Transactions

Petra Solar Funding Round

Petra Solar, based in South Plainfield, secured $40 million from BlueRun Ventures, Element Partners and Espirito Santo Ventures.

Transaction Overview

Company Name
Petra Solar
Announced On
2/8/2010
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Undisclosed
Investors

BlueRun Ventures (Sujit Banerjee)

Element Partners

Espirito Santo Ventures (Sérvulo Rodrigues)

OnPoint Technologies

TCW|Craton Equity Investors (Robert MacDonald)

Proceeds Purpose
This new round of financing will provide Petra Solar the resources to serve a growing number of utilities and municipalities engaged with the company," said Sujit Banerjee of Element Partners and BRV.

Company Information

Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
1 Cragwood Rd. 303
South Plainfield, NJ 07080
USA
Phone
(908) 462-5200
Website
www.petrasolar.com
Email Address
[email protected]
Overview
Petra Solar focuses on increasing efficiencies and significantly reducing the cost of installed solar electric systems through the introduction of innovative power electronics.
Profile
Petra Solar LinkedIn Company Profile
Social Media
Petra Solar Company Twitter Account
Company News
Petra Solar News
Facebook
Petra Solar on Facebook
YouTube
Petra Solar on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Steve Rhoades
  Steve Rhoades LinkedIn Profile  Steve Rhoades Twitter Account  Steve Rhoades News  Steve Rhoades on Facebook
Chief Operating Officer
Marcelo Figueira
  Marcelo Figueira LinkedIn Profile  Marcelo Figueira Twitter Account  Marcelo Figueira News  Marcelo Figueira on Facebook
Chief Technical Officer
Juan González
  Juan González LinkedIn Profile  Juan González Twitter Account  Juan González News  Juan González on Facebook
General Manager
Yarub Qudah
  Yarub Qudah LinkedIn Profile  Yarub Qudah Twitter Account  Yarub Qudah News  Yarub Qudah on Facebook
VP - Finance
Anthony Pawelec
  Anthony Pawelec LinkedIn Profile  Anthony Pawelec Twitter Account  Anthony Pawelec News  Anthony Pawelec on Facebook
VP - Marketing
Michael Levi
  Michael Levi LinkedIn Profile  Michael Levi Twitter Account  Michael Levi News  Michael Levi on Facebook
VP - Sales
Michael Feeley
  Michael Feeley LinkedIn Profile  Michael Feeley Twitter Account  Michael Feeley News  Michael Feeley on Facebook

 

 

Browse more venture capital transactions:

Prev: 2/8/2010: NextRay venture capital transaction
Next: 2/8/2010: AeroFarms venture capital transaction

 

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