Solyndra
Cleantech/solarUSA
💀 Dead / Bankrupt
Peak $1 BillionToday
~-100%
from peak
- 🦄Became a unicorn2008
- 📈Peak valuation$1 Billion ’10
- 💔Became a UnitardSep 2011
- 💸Last valuationWiped out
🔥 Raised & burned
$1.54B
Total raised
$659K/day
Burned · 6.4y alive
Funding: Forbes / Wikipedia / CRS
Current status
Chapter 11 (Sept 2011)
How it happened
Solyndra made distinctive cylindrical solar panels and raised over $1B in private capital plus a $535M federal loan guarantee. Plunging conventional solar prices destroyed its cost advantage. Solyndra filed for Chapter 11 in September 2011, becoming a political flashpoint over clean-energy subsidies.
Source: Raised >$1B private + $535M DOE loan
