John Doerr Invests $10 Million in Complete Solaria

<p><strong>SAN RAMON<&sol;strong> &&num;8212&semi; Complete Solaria&comma; a solar technology&comma; services&comma; and installation company&comma; has received a &dollar;10 million strategic investment from Foris Ventures&comma; LLC&comma; an entity affiliated with John Doerr&comma; Chairman of venture capital firm Kleiner Perkins&period;<&sol;p>&NewLine;<p>The commitment is part of a previously announced &dollar;30 million bridge round&comma; in support of Complete Solaria’s previously announced business combination with Freedom Acquisition I Corp&period;&lpar;NYSE&colon; FACT&rpar;&comma; and is being made in the form of a firm commitment to purchase &dollar;10 million of convertible notes&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are thrilled to gain the support of such a well-respected business leader and investor&comma;” said Will Anderson&comma; CEO of Complete Solaria&period;<&sol;p>&NewLine;<p>Doerr currently serves on the board of directors of Alphabet&comma; Coursera&comma; and DoorDash&period;<&sol;p>&NewLine;<p>The &dollar;10 million strategic investment from Foris Ventures is in addition to previously announced progress on the bridge funding&comma; which included a &dollar;14&period;2 million from T&period;J&period; Rodgers&comma; &dollar;3&period;5 million from Freedom’s sponsors and &dollar;2 million from other investors&period;<&sol;p>&NewLine;