Mosaic Prepares To Launch Another $100M Of Projects On Its Solar Crowdfunding Platform

Mosaic, a startup allowing people to invest in solar projects, announced today that it has received regulatory approval for its next wave of crowdfunding efforts in California, worth a total of $100 million in investment. The site opened to the public back in January with three projects that were fully backed in fewer than 24 hours. In total, the company says that it has raised $1.1 million from more than 1,000 investors to fund 12 rooftop solar power plants. Co-founder and President Billy Parish added that after Mosaic made the announcement this morning, it launched a project that needed $157,000 in funding, and it raised the amount in six hours.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/KbIEkUzXrq4/

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