From Electrek: SolarCity manages to raise yet another $300 million ahead of the merger with...

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SolarCity manages to raise yet another $300 million ahead of the merger with Tesla



Some industry analysts suggested that Elon Musk was pushing for Tesla to acquire SolarCity in order for the automaker to help secure financing for a company that consistently requires more cash to provide it services with little to no upfront cost.

But it looks like SolarCity is doing just fine on the capital raising front ahead of the merger as it just secured another $300 million fund for a total close to $1 billion since the board announced it accepted Tesla’s acquisition offer. more…

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