Solaria Corp., a designer and global manufacturer of solar photovoltaic modules, has closed $45 million in a financing round led by CMEA Capital and DBL Investors. Other participants in the round include current investors Sigma Partners and NGEN Partners and new investors Mitsui Ventures and Savitr Capital.
Solaria says it will use the financing to meet rapidly increasing global demand for cost-effective solar modules for large and utility-scale projects – the fastest-growing PV market segment. Solaria's modules are certified to UL 1703 and IEC 61215 standards.
SOURCE: Solaria Corp.