e-commerce gone green

SolarCity today announced that it is taking a $21.5 million round of funding led by Mayfield Fund, and the company’s previous investors Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company’s prior funding totaled approximately $134 million, and included investors First Solar, JP Morgan and Elon Musk.

SolarCity helps businesses, home owners and government agencies adopt solar power and save money using clean energy versus electricity generated from non-renewables. It designs, installs and provides finance options for the development of solar projects. In 2008, it provided and installed the thousands of solar panels that grace the roof of eBay Inc.’s green building in San Jose.

Earlier this week, SolarCity signed a new partnership deal with Rabobank, the international private bank with a triple A credit rating. The bank has agreed to provide solar project financing for its commercial clients via SolarCity. Rabobank N.A. in California also installed solar power generating rooftops at six of its retail locations.

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Source: http://techcrunch.com/2010/07/14/solarcity-funding-july2010-21-5-million/