Company receives $1 million Series B financing

Jerusalem-based OrionSolar Photovoltaics recently completed development of a second-generation photovoltaic solar energy cell. The company also announced the receipt of $1 million Series B financing from its sole institutional investor, New York-based 21Ventures LLC.

OrionSolar plans to use this upfunding to finance its marketing initiatives and to develop the pilot production and manufacturing program for the new energy cell.