SolarCity Wins $21.5 Million Funding Round from Mayfield

SolarCity today announced that it is taking a $21.5 million round of funding led by Mayfield Fund, and the company's previous investors Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company's prior funding totaled approximately $134 million, and included investors First Solar, JP Morgan and Elon Musk. SolarCity helps businesses, home owners and government agencies adopt solar power. It designs, installs and provides finance options for appropriate solar systems with a goal of helping its customers generate savings from clean power versus electricity.