Suniva Inc., a manufacturer of monocrystalline silicon solar cells, has completed a $75 million Series C financing round, led by Warburg Pincus, a global private equity firm.
Also participating in the round were APEX Venture Partners and returning investors New Enterprise Associates, HIG Ventures and Advanced Equities.
‘Most solar is undifferentiated,’ says Chansoo Joung, a managing director at Warburg Pincus. ‘That's not the case with Suniva. Their cell design and road map for commercialization is extremely compelling and represents a unique value proposition for customers.’