Solaria Raises $40M to Double Its Module Production Capacity

By [email protected] California-based PV manufacturer Solaria Corp. has raised $40 million to double its current production capacity to close to 500 megawatts by year’s end.

It’s Solaria’s second significant public investment in as many years, as it expands production to meet its small but growing share of the residential and commercial solar markets in the U.S. and abroad. Solaria produces modules in California in South Korea.

While the private company doesn’t give out current production figures, Wednesday’s investment will allow Solaria to approach “close to 500 megawatts” by year’s end, CEO Suvi Sharma said in a Wednesday interview. “That’s manufacturing capacity — that’s

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