Bridgelux Inc. based in Livermore, California USA, announced that Kaistar Lighting (Xiamen) Co., Ltd. has agreed to invest $25 million in the company. Bridgelux says it plans to primarily use the equity investment to further accelerate research, development, and production of its “GaN on Silicon”-based LED chip and packaging technology for general illumination applications. New Bridgelux investor Kaistar Lighting is a joint venture of Epistar Corp. and Shenzhen Kaifa Technology Co. Craton Equity Partners announced a $60 million investment in the company in August, and then existing investors added $15 million in funding in October. None of the existing investors divested their positions coincident with this investment.
In a recent interview, Bridgelux’ Chief Executive Officer Bill Watkins, commented that,“Along with the investment, Kaistar becomes a strategic partner that brings volume manufacturing expertise. Having worked with the company since the 1990’s, I have personal experience that highlights them as a smart and trustworthy team to bring to the table.” Watkins also pointed out that all of Bridgelux’ key partners are invested in the company, including those that bring manufacturing capacity and capabilities to the relationship.