Isn’t solar supposed to be dead? SolarCity, Inc., a solar system design and installation service provider, has raised $81 million in equity financing. The deal was announced on Wednesday evening and was co-led by Silver Lake Kraftwerk and Valor Equity Partners, but the investor consortium also included Elon Musk, Nicholas J. Pritzker and Shea Ventures.
SolarCity will use the new funding to expand its salesforce, marketing and operations, technology development and potential acquisitions.
The release noted that this gives SolarCity the resources to explore new products and services and identify new geographies and potential acquisitions as it seeks to deliver better energy choices to more customers. Did they say “acquisitions” in there? Hmm…
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
