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AEE MEMBER COMPANY BLOOM ENERGY RAISES $130 MILLION, TOTAL RAISED TOPS $1.1 BILLION

Posted by Industry News on May 13, 2013

Greentech Media // May 13, 2013

Bloom Energy, the California-based fuel cell startup, has raised an additional $130 million in venture capital funds. This new round of funding brings its total VC funding to more than $1.1 billion. Bloom's business has been booming-- in Q3 2012 the company had a pro forma revenue of $101 million. Greentech Media reports:

Bloom CFO Bill Kurtz told Fortune in an official statement: "Bloom Energy is pleased with the substantial progress we have made in 2012. On a pro-forma basis, Bloom has become gross-margin-positive in 2012 and is on track with our goal to be profitable in 2013." The claim from Bloom's CFO suggests that Bloom is making money on every fuel cell it ships.

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