Azure Power: William Elmore Resigns from Board

Solar Power Producer Azure Power announced that early-stage investor and Board member, William “Bill” Elmore of Foundation Capital, resigned from the company’s Board of Directors yesterday, which is the company’s fiscal year end.

 Mr. Inderpreet Wadhwa, Founder and Chief Executive Officer, Azure Power said that Bill and his venture capital firm, Foundation Capital, have been great partners since their initial investment nearly a decade ago. They want to thank Bill for his efforts and contributions during his tenure at Azure to help the company become a leader in the Indian Solar industry. We wish him well.”

Foundation Capital owns 14.5% of Azure Power’s outstanding shares and Foundation Capital’s initial investment in Azure Power was in 2008.

Image Source: Foundation Capital