GE Ventures participates in $15m funding for Lowe's-backed rooftop solar panel maker.
GE Ventures, the venture capital arm of General Electric, has participated in a $15m equity fundraising for Sungevity, US-based maker of rooftop solar panels, in which home improvement retailer Lowe’s Companies already has a stake.
The funding will be used to accelerate the company’s capital efficient growth initiatives with a primary focus on the development of new service offerings that will diversify Sungevity’s business and grow the company’s global footprint.
Colleen Calhoun, senior executive director for GE Energy Ventures, said:…
