Konarka Raises $45 Million

Konarka Technologies Inc., a Lowell, Mass.-based developer of flexible solar energy technology called “Power Plastic,” has raised $45 million in strategic funding from Total Gas & Power. The deal is part of a larger R&D partnership agreement, and values Konarka just shy of $225 million. Konarka previously raised around $100 million from firms like 3i Group, Ardesta, Angeleno Group, Chevron Technology Ventures, Draper Fisher Jurvetson, Good Energies, Massachusetts Green Energy Fund, NGEN Partners, New Enterprise Associates, Presidio STX, Siemens Venture Capital and Vanguard Ventures.

North AmericaUSBriefs