Solaria raises $40 million to scale production capacity for premium residential solar panels

Solaria’s plan to double production by the end of the year made possible by $40 million in growth funding from leading strategic and financial investors.


KEY POINTS
  • Solaria plans to double production capabilities by the end of the year.
  • The announced increase is made possible by $40 million in growth funding from leading strategic and financial investors.
  • Solaria Corporation is a global provider of advanced solar energy products.

California — Solaria will more than double production capabilities by the end of the year, an increase made possible by $40 million in growth funding from leading strategic and financial investors including well-known solar industry investors T.J. Rodgers and Isidoro Quiroga, both of whom have joined Solaria’s Board of Directors.

“One of the fastest-growing areas in renewable energy is premium residential solar, where the focus is on efficiency, aesthetics, and value,” said Solaria CEO Suvi Sharma.

“Solaria’s Pure Black™ PowerXT panels have emerged as a first choice in the premium segment, exceeding our expectations and creating tremendous demand for our products. Now we’ll be able to satisfy our customers while maintaining excellent customer service.”

Solaria-PowerXT
Designed and engineered in the U.S., Solaria says its PowerXT® is one of the most advanced solar panels on the market today.

Rodgers said, “I have the privilege of seeing and evaluating a wide range of solar technologies, and it quickly became clear to me that Solaria’s approach is unparalleled.

Solaria pays attention to what is most important in residential solar products: quality, performance, and aesthetics. I’m pleased to support Solaria as they increase their market share worldwide and lead the way towards energy independence.”

Designed and engineered in the U.S., Solaria PowerXT® is one of the most advanced solar panels on the market today. A patented cell design, advanced panel architecture, and innovative assembly techniques enable greater than 20% efficiency and a sleek Pure Black™ design with no visible circuitry.

High power density allows solar installers to maximize power and energy yield on customer roofs. And shade resistant technology keeps Solaria PowerXT performing when other panels have ceased generating power.

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