Idealab, the third funder in the round, is also.
While the company boasts that it has a cheap manufacturing process and efficient designs, aided by software that intelligently aims the mirrors, building even small plants is still an expensive proposition. The company is based in Pasadena, Calif., and also took $10 million from Google.org in January.. Despite the scale of Google.org (the search giant’s philanthropic arm) and Oak Investment Partners, eSolar will probably soon be shopping around for even larger amounts from banks and private equity. Idealab, the third funder in the round, is also headed by eSolar’s chairman, Bill Gross. How far the $130 million investment will carry eSolar is another question.
Original text search at: venturebeat.com/tag/invgoogleorg/