Solar startup Stion has found deep pockets in Asia.
The Silicon Valley-based company today said it has raised $130 million from Korea-based thin-film solar equipment maker Avaco, Korean private-equity funds, and venture capital firms. Last year, Stion took a $50 million investment from Taiwan Semiconductor as part of a larger series D round.
With today's funding, Avaco and Stion will collaborate to develop next-generation thin-film solar equipment designed to boost cell efficiency and factory output. It will also create a subsidiary in Korea and build a factory to serve Asian markets.
Stion is one of many solar companies founded … Read more