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Ausra Scores $25.5M for New Equipment Sales Focus

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Ausra, the solar-thermal equipment maker who recently changed its business plan, said Tuesday night it had raised $25.5 million. The Mountain View, Calif.-based company said the money Khosla Ventures, Kleiner Perkins Caufield & Beyers, KERN Partners, Generation Investment Management and Starfish Ventures. The company, which had aspired to be a power producer, decided that developing large power plants was too costly and beyond the capabilities of a startup company (see Inside Ausra's Big Change). 1

Mountain View, Calif.-based Ausra said it closed on $25.5 million in equity funding from its existing investors for its new business focus on selling solar thermal equipment. 3

Earlier this year solar thermal startup Ausra cited a lack of financing as the reason for scaling back its plans to build massive solar power plants. The Mountain View, Calif.-based startup, which California Governor Arnold Schwarzenegger once called "one of the best companies in California and the world," instead chose to focus on selling its gear for industrial steam production and hybrid fossil fuel systems. Ausra says the funding commitment will "allow Ausra to further demonstrate our technology, diversify and expand our customer base, and capture attractive near-term market opportunities". 2
  1. Ausra Gets $25.5M to Pursue New Dreams (Greentechmedia)
  2. Solar Thermal Startup Ausra Tracks Down $25.5M (earth2tech)
  3. Ausra Scores $25.5M for New Equipment Sales Focus (Cleantech)

Read the whole story at Dygest.net

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