Soliant Adds GE As Investor In $21M Round

Monrovia, California-based Soliant Energy has scored $21M in a venture capital round, including a $2.5M investment from GE Energy Financial Services, GE said Tuesday. According to GE, it is investing as part of a round which also includes Convexa Capital and earlier investors RockPort Capital Partners, Nth Power, Trinity Ventures and Rincon Venture Partners. Soliant Energy is developing rooftop concentrators for the solar power market. Soliant--formerly known as Practical Instruments--was founded by a team of scientists and engineers from NASA Jet Propulsion Laboratory. More information »