European start-up Kender Solar is seeking an initial $2 million in a blend of equity and debt as it prepares to deploy its helium-based solar generation technology. “We are indeed looking to raise funds,” says Sean Kelly, ceo in Geneva, Switzerland. Initially, Kender will sell its panels to third parties it has lined up in California to distribute them, and later this year the company will begin developing its own projects.
May 04, 2009