GreenVolts concentrating photovoltaic
$30 million Series B investment by clean tech VC, Oak Investment Partners, pushed the amount of money raised by California Clean Tech Open start-ups passed the $100M mark. The Clean Tech open is “an innovation catalyst, providing the infrastructure and processes to develop and motivate entrepreneurs and early stage companies creating clean, environmentally sustainable technologies” in its third year. In two full years of operations, CTO has 83 alumni companies who have raised $115M together in 2006 and 2007. GreenVolts focuses on concentrated photovoltaic (CPV) technology. Aurora Biofuels is another CTO alumni that has received Series B funding.