Undisclosed South Korean private equity funds were the other co-leads in Stion's latest round, which included repeat backers included chip maker Taiwan Semiconductor Manufacturing Company (TSMC), through its VentureTech Alliance corporate venturing unit.
Stion, a US-based solar power company, has raised $130m in its series E round co-led by Avaco, a Korea-based solar power equipment provider with offices across India and in the Middle East.
Undisclosed South Korean private equity funds were the other co-leads in Stion’s latest round, which included repeat backers included chip maker Taiwan Semiconductor Manufacturing Company (TSMC), through its VentureTech Alliance corporate venturing unit.
In June last year, TSMC, the world’s largest chip contract maker by revenue,…
