Solaria will use the financing to meet increasing global demand for cost effective solar modules for large and utility scale projects, the fastest growing PV market segment. Its modules are designed specifically for ground-mounted tracking systems.
Other participants in the round include current investors Sigma Partners and NGEN Partners and new investors Mitsui Ventures and Savitr Capital. Major German solar group Q-Cells wrote down to zero it investment in Solaria in 2009 after increasing its stake in the company to 33% in 2006.
Solaria
