SoloPower
Company

Last deal

$12M

Amount

Series E

Stage

15.10.2012

Date

11

all rounds

$466.6M

Total amount

General

About Company
SoloPower is a leading producer of thin-film photovoltaic cells and modules, revolutionizing solar electricity generation.

Industry

Sector :

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Also Known As

SoloPower

founded date

01.01.2005

Number of employees

Company Type

For Profit

Last funding type

Series E

IPO status

Private

Description

With a mission to mass-produce cost-effective PV modules for global applications, SoloPower develops high-efficiency Copper-Indium-Gallium-Selenide (CIGS) devices. Their unique electroplating technology allows for the direct deposition of CIGS PV material onto stainless steel substrates, making their products lightweight and ideal for large-scale commercial, government, and municipal rooftops. SoloPower's approach offers numerous advantages, including the capability to deposit films on various shapes and forms, continuous processing with high throughput using low-cost equipment, excellent compositional control, high material utilization, and minimal waste generation. This breakthrough technology enables SoloPower to manufacture CIGS-based photovoltaics at a low cost, high quality, and high volume, positioning them as a major player in the industry.
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