Right Place, Right Time For Tesla. Electric Car Maker Gets $460M From US Gov
alarmClock Jun 23 09San Carlos-based Tesla, maker of a $109K electric sports car, has won $350M in low-interest loans to develop a $57,499 four-door sedan and $100M to expand a drive train business that sells parts to other automakers. The loans come courtesy of the US Department of Energy, which also gave Ford a $5.9B loan. Just yesterday, it was reported that Tesla co-founder Martin Eberhard sued CEO Elon Musk and Tesla for libel and breach of contract stemming from a variety of personal and professional issues with Musk and the company. Next up for Tesla is for it to open a production facaility which will likely be in Southern California where Musk lives (Bel Air to be exact) and where another company he runs is set (SpaceX). Full story...
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IPhone Apps By Crowdsourcing's Labotec Angel Funded
alarmClock 3 days agoMiami-based Labotec has landed a round of funding from Kima Ventures, although the amount was undisclosed.
China Sunergy Acquires Two Companies And A New CEO
alarmClock 3 days ago2010 is setting up to be a year of consolidation and change within the solar industry as several manufacturers expect to double their revenues while others predict more modest gains.
HomeAway Vacation Home Rival Second Porch Raises $1M
alarmClock 3 days agoSecond Porch, out of Portland, OR has raised $1M in Series A funding led by the Oregon Angel Fund. Second Porch competes with Home Away in the vacation home rental and home exchange markets.
SunPower Lands Solar Power Plant In California
alarmClock 4 days agoThe Golden State is being good to San Jose-based SunPower Corp. (SPWRA, SPWRB:NASDAQ) as they announced today that they will be designing and building a 1 megawatt (MW) solar power plant in Yolo County, California.
Fast Food Kiosk's EMN8 Raises $14.4M
alarmClock 4 days agoSan Diego-based EMN8 has raised $14.4M in a funding round, according to a regulatory filing. EMN8 is backed by GRP Partners, Sid R.
Latest Vote Solar Equinox Eclipses Last Year’s Event
alarmClock 4 days agoNot often does The Alarm:Clock cover parties as the staff here experienced the dot.com era and haven’t attended any event in the past 5 years that remotely brings back memories of the good times associated with fundraising for a cause or an organization.
Playdom Invests $5M In Argentine Social Developer MetroGames
alarmClock 4 days agoSocial gaming's Playdom, which has raised $43M in funding, has invested in an Argentine rival, MetroGames.
Suntech Wins Contract For Taiwan’s Largest Solar Power Plant
alarmClock 5 days agoSeeking to double its 2009 sales this year, Suntech Power (STP:NYSE) took a step closer to that ambitious goal today by announcing they will be supplying the solar panels for Taiwan’s largest solar power plant.
Italian Electrical Plant Powered By Evergreen Solar Now Online
alarmClock 5 days agoWith the Evergreen Solar (ESLR:NASDAQ) looking for a boost after declining revenues and its Sorvello deal, the company announced today that the 5 megawatt (MW) solar power plant in Apulia, Italy is now online.
SEO Platform BrightEdge Raises $6.5M
alarmClock 5 days agoFoster City-based BrightEdge has raised $6.5M in Series B funding. Battery Ventures led the round, and was joined by return backers Altos Ventures and Illuminate Ventures.
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