The solar energy system installer has raised $50m in a GE Ventures-backed equity round and an additional $600m in project finance.
US-based home solar system installer Sungevity has raised $50m in equity funding from investors including GE Ventures, industrial product maker General Electric’s corporate venturing unit.
Investment firm Apollo Investment Corporation and specialty finance provider Hercules Technology Growth Capital also contributed to the equity funding, which will be used to strengthen Sungevity’s technology platform and help the company expand into new markets.
Sungevity provides solar power systems to homeowners across 12 US states, as well as the District of Columbia and…
