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Stion

6321 San Ignacio Avenue
San Jose, CA 95119
USA
(408) 284-7200
Website Company Summary Management Team
Management

CEO: Chester A. Farris (07/15/2006)
President/COO/Operations: Martin Finkbeiner (6/30/2011)
Finance: Bob Beisner (2/28/2011) ; Garrett Hickey (4/30/2011) ; Patrick Malahy (5/31/2011)
Technology: Howard Lee; Robert Wieting (06/05/2008)
Sales/Marketing: Jim McGrath
Business Development: Frank Yang
Board

Outside board: (May no longer be on the board) Peter Nieh (Lightspeed Venture Partners General Partner) Samir Kaul (Khosla Ventures) Duston Williams (Infinera)
Advisory board: Andrew Chung (Lightspeed Venture Partners sr. associate)
Company

Business description: Stion Corporation (formerly NStructures) is a solar photovoltaics company developing high-efficiency thin-film modules. The Company is aiming to minimize the total installed system costs of solar electricity. Stion was founded in 2006, and its technology is based on the work of Dr. Howard Lee, a leading researcher in inorganic semiconductor materials with 28 years of corporate, government and R&D experience. Stion’s focus on efficiency differentiates it from other emerging PV firms which are competing primarily to cut cell costs. Customers make purchase decisions based on the total cost of an installed system and not just the cell or module, but because many system-level costs are area-dependent, reducing cell and module costs is insufficient unless efficiency improves. In addition to delivering the reduced material and processing costs associated with thin films, Stion would cut dollar-per-watt costs at the system level by generating the same power using a smaller product, thus making PV economically feasible to more customers.
Partners include: TSMC
Capital

Rounds: 6
Recent Fundings: Dec 2012   Dec 2011
Capital raised: 225.0M
Last Round: 25.0M
Ownership: Private  
VCs include: Lightspeed Venture PartnersGeneral Catalyst Partners;  Braemar Energy Ventures;  Khosla Ventures;  Venture Tech Alliance;  Korean private equity funds
Corporate investors: Moser Baer Photo Voltaic;  Avaco

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Overview
Record updated: Oct 2015
Sector: Clean Technology
Rounds: 6
Recent Fundings: Dec 2012   Dec 2011
Capital Raised: 225.0M
Last Round: 25.0M
Ownership: Private