Wilbraham, Mass.-based FloDesign Wind Turbine Corp. has closed a $34.5 million Series B financing round and has hired a new CEO. For the financing, the Series A venture investor Kleiner, Perkins, Caufield and Byers was joined by a syndicate of three new investors in the Series B round: a Goldman Sachs-managed investment fund, Technology Partners and VantagePoint Venture Partners.
Following the closing of the Series B financing, Lars A. Andersen joined FloDesign as CEO. He will be responsible for managing FloDesign's transition from a research and development organization to a renewable technology manufacturing company.
FloDesign's previous CEO and co-founder, Stanley Kowalski III, will remain with the company as vice president.
Prior to joining FloDesign, Andersen was president of Vestas China, where he was responsible for leading and growing the company into one of the largest multinational-owned wind turbine suppliers in the country.
Andersen joined Vestas in 2001, having previously served in engineering and management positions with ABB Power Generation in Switzerland and Black and Veatch in the U.S.
SOURCE: FloDesign Wind Turbine Corp.
