Tech Company Financing Transactions

1366 Technologies Funding Round

1366 Technologies, based in Bedford, received $10 million from Hanwha Investment.

Transaction Overview

Company Name
Announced On
5/5/2016
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Undisclosed
Investors

Hanwha Investment (Woojae Hahn)

Proceeds Purpose
The funds will be used toward the construction of 1366's first large-scale commercial factory, scheduled to be online in 2017.

Company Information

Company Status
Private & Independent
Industry
Alternative Energy
Mailing Address
6 Preston Ct.
Bedford, MA 01730
USA
Email Address
Overview
Solving Silicon PV's Cost Barrier -- Silicon PV wafers comprise 50% of the cost of a module and limit manufacturers' cell efficiencies due to bulk quality and surface non-uniformities. 1366's one-step Direct Wafer process solves these quality and cost barriers by providing manufacturers with a uniformly better wafer produced for a fraction of the cost.
Profile
1366 Technologies LinkedIn Company Profile
Social Media
1366 Technologies Company Twitter Account
Company News
1366 Technologies News
Facebook
1366 Technologies on Facebook
YouTube
1366 Technologies on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Frank Van Mierlo
  Frank Van Mierlo LinkedIn Profile  Frank Van Mierlo Twitter Account  Frank Van Mierlo News  Frank Van Mierlo on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/5/2016: Farfetch venture capital transaction
Next: 5/5/2016: Wayin venture capital transaction

 

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