Tagged: electric vehicle

$10 million financing final close reported by Transphorm


XDATA – October 6th 2014

transphormA $10 million unregistered debt financing by Transphorm successfully drew to a close. The non-brokered investment round was placed with one investor on a few days ago. A total of seven unregistered securities offerings closed by the company raised an estimated $170.23 million.

Transphorm designs, develops and markets cost-competitive and easy-to-embed power conversion modules that reduce costly energy loss by up to 90 percent, and simplify the design and manufacturing of motor drives, power supplies and inverters for solar panels and electric vehicles.

The company is headquartered in Goleta CA. Transphorm kept its revenues undisclosed.
The executive team includes Fumihide Esaka, Primit Parikh and Umesh Mishra.
The board of directors includes Andrew Wheeler, Mark Allen, Mark Pinho, Naoko Ichikawa, Randy Komisar, Richard Redelfs and Toshinobu Mimura.

The company has raised an estimated total of $180.23 million via private unregistered security offerings.

Offering recap
Status: Completed
Company: Transphorm
Industry: Other Technology
Amount offered: $10 million
Amount placed: $10 million
First sale: 10-02-2014
Data as of: 10-03-2014


For more information visit www.XDATA.co

Advertisements