SunBorne Lights Up With $3.1M

Cambridge, MA-based cleantech startup SunBorne Energy Technologies has wrapped up a $3.1 million equity and rights offering, according to an SEC filing. SunBorne, which is backed by General Catalyst Partners, is developing technology for generating electricity from the sun that is designed to be cheaper than grid power, and is focusing on India as a market. The startup, chaired by General Catalyst managing director Hemant Taneja, brought in $5.1 million in equity-based funding in December 2009, an SEC filing shows.

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