Ausra, which was backed by more than $90m in equity from blue-blooded venture capital firms like Kleiner Perkins and Khosla Ventures, is in talks with three potential acquirers, according to a person familiar with the situation. Possibilities range from a full buy-out of the firm to a majority investment, this person says.
Originally from Australia (hence the name), Ausra’s founders were lured to California two years ago by the flood of VC money that was pouring into solar at the time. Their company is founded on concentrated solar thermal (CST) technology, which uses mirrors to focus the sun’s rays in order to heat water and drive a turbine. Read more