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Electronics Production | September 25, 2006

German solar cell firm grants Solaria

Solaria Inc. has completed a $22 million venture capital funding. One of the investors is the German solar cell firm Q-Cells AG
Q-Cells AG has together with Sigma Partners and Ngen Partners granted $22 million in fundings to the American solar cell startup Solaria Inc.

"This infusion of capital will help us to achieve Solaria's goal of enabling low-cost, high efficiency PV modules and systems for our customers," said Solaria CEO Suvi Sharma, in a statement. "We are currently working with select commercialization partners and are on schedule to enter high-volume production in 2007."

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