Solar was by far the largest sector that venture capitalists poured money into last quarter. And it looks like that’s not stopping this quarter. On Wednesday solar installer and financier SolarCity announced that it has raised another $21.5 million in venture funding led by Mayfield Fund, and including Draper Fisher Jurvetson, DBL Investors and Generation Capital.
SolarCity installs solar panels on rooftops and offers home owners financing deals, where the company pays the upfront installation cost in exchange for a monthly lease payment and a contract that sells the electricity to the customer at a fixed rate.
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