Solaren Raises $2.5M in Series D Financing
June 5, 2023MANHATTAN BEACH, June 5, 2023 – Solaren Corporation (“Solaren”) has raised $2.5 million in it’s initial Series D financing round. The financing is Solaren Preferred stock, which can be converted to Common Stock. The initial closing occurred in the first quarter of 2023.
Solaren President & CEO, Gary T. Spirnak said, the initial Series D financing will enable Solaren to continue the development and laboratory testing of our Space Solar Power system.
Additional Series D financing is expected to close in 2023.
About Solaren
Headquartered in Manhattan Beach, California, Solaren is an energy and aerospace company that is principally engaged in the research, design, development, integration and operations of Space Solar Power plants, and the sale of clean, baseload, space solar electricity.
Solaren’s patented Space Solar Power plants will generate zero emission electricity from space that is cost competitive with any terrestrial source of baseload electricity. In the coming decade, Solaren’s Space Solar Power development program will validate all aspects of our SSP Plants
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