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Complete Solar Raises $10 Million from Chinese Energy Company
LEHI, Utah, July 17, 2024 (GLOBE NEWSWIRE) -- Complete Solar, Inc. (NASDAQ:CSLR), a solar technology, services, and installation company, today announced that StarCharge – a leading unicorn in Asia's digital energy sector that provides one-stop solutions for charging stations, microgrids, Virtual Power Plants (VPPs), and power trading – has made a $10 million investment in the convertible debenture previously announced by Complete Solar on June 17, 2024.
Herman Chang, CEO of StarCharge Energy PTE LTD said, "We are delighted to participate in this investment together with the NextG investment group and look forward to collaborating with companies led by T.J. Rodgers in the future."
Edward Zeng, founder of the NextG Fund, remarked, "As co-investors in Complete Solaria via the Freedom SPAC, we are thrilled with the Company's successful restructuring."
T.J. Rodgers, Complete Solar's CEO, said, "We thank our friends StarCharge and the NextG Fund for their support in completing our convertible debenture, which will provide us with all the funding we need to ...