Electronics Production | April 22, 2008
Foxconn invests in Infinia
Infinia has secured a $7 million second close of its Series B financing from Foxconn and another undisclosed investor.
The second close was led by Foxconn with participation from another undisclosed investor. The proceeds from the Series B financing will be used to fund the large-scale production and global launch of the Infinia Solar System, a solar power generation product that harvests energy from sunlight to efficiently generate clean, emissions-free electricity. With operations throughout Europe, the Americas and Asia, Foxconn is focusing on diverse fields from alternative materials to green manufacturing processes. The company recently announced a $50 million Series B round, bringing the total Series B financing for the company to $57 million.