VINOD KHOSLA AND BILL GATES ANNOUNCE INVESTMENT COMMITMENT FOR KIOR

摘要

Cellulosic biofuels producer KiOR Inc. received commitments for $100 mln in financing from Khosla Ventures LLC and Gates Ventures LLC to conduct the planned expansion of its Columbus, Mississippi plant (Columbus II project). KiOR issued $42.5 mln in convertible debt to Khosla Ventures, which also agreed to purchase as much as $42.5 mln of shares in the company after it raises enough to build its Columbus II project. Gates Ventures bought a $7.5 mln equity stake and will purchase an additional $7.5 mln in stock, when the plant is fully funded.