05/07/2009
Cleantech startup B-Solar raised $3 million from Genesis Partners and Gidi Barak
Cleantech startup B-Solar has raised $3 million in a first financial round from venture capital fund Genesis Partners and serial entrepreneur Gidi Barak, the founder of IXI Mobile, DSP Communications, Butterfly, and Envara.
B-Solar develops and manufactures unique photovoltaic cells which generate 15-20% more electricity than cells presently in the market. The company plans to establish a manufacturing facility in 2010 to produce its photovoltaic cells, initially at a production capacity of 70 megawatts per year.
B-Solar was founded in December 2007 by Dr. Yossi Kofman, Professor Naftali Eisenberg, Dr. Lev Kreinin, and Dr. Ninel Bordin. Kofman, who serves as B-Solar’s CEO, was previously the co-founder and co-CEO of Modem-Art, which was acquired in 2005 by Agere Systems.
Eisenberg, CTO, Kreinin, Chief Scientist, and Bordin, Scientist, are experts in the solar energy field. Eisenberg founded and led the photovoltaic solar energy center and the non-conventional optics laboratory at the Jerusalem College of Technology. Together with his colleagues, Dr. Kreinin and Dr. Bordin, he turned the center into a leading university laboratory in the field of silicon based solar cells.
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17:31 Posted in CleanTech | Permalink | Comments (0) | Email this | Tags: cleantech, b-solar, genesis partners, gidi barak, yossi kofman, naftali eisenberg, lev kreinin, ninel bordin
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