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With a new infusion of capital, renewable-energy manufacturer Caelux Corp. has opened an additional facility in Baldwin Park. The Pasadena-based company recently closed $12 million of investment in a series A funding round led by Temasek Holding Ltd., bringing its total funding to $24 million. Caelux was founded in 2014 as a spinoff of the California Institute of Technology and works with perovskite, a crystalline material.
The stake purchase is part of the billionaire Mukesh Ambani-led conglomerate s aggressive push into the renewable energy sector, with aims of producing 100 GW of solar energy by 2030, , RELIANCE NEW ENERGY, solar-tech, caelux corp, reliance industries
We had mentioned in Thursday’s closing report that Nifty and Sensex may remain range bound. On Friday, the indices opened gap down and ended deeply in the red.