# Solaria Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/solaria

- Industry: Renewable Energy
- Headquarters: Fremont, US
- Website: www.solaria.com
- Total disclosed funding: $178M
- Latest round: Series B (Dec 31, 2014)
- Investors on record: 13

## About

Based in the US, Solaria Corporation specializes in advanced solar technology, delivering innovative solar panel solutions designed to maximize energy generation for residential customers.Founded in 2000 in Fremont, US, Solaria Corporation is known for its focus on solar energy solutions. The company has evolved its product offerings to meet changing market demands and is currently led by CEO Aya Watanabe. The firm has received a total of USD 20.00 mn in funding through multiple rounds, with its latest being a Series E round completed on October 2, 2022. The company maintains a current valuation of USD 224.365 mn, and has closed 12 deals to date.Solaria specializes in the development and manufacturing of advanced solar technology, primarily through its PowerX Advantage Series solar panels. These panels feature a distinctive all-black design and leverage innovative cell cutting and dicing technology to deliver 400-watt solar panels with high power density. This enables them to generate more electricity from limited roof space, thereby addressing the energy needs of residential customers with constraints on available installation area. The panels are engineered for optimal performance from dawn to dusk, even in low-light conditions, making them suitable for diverse geographical markets, including the United States and select regions in Europe and Asia where renewable energy adoption is increasing. Solaria’s offerings cater to a wide client base that includes homeowners, solar installers, and energy-conscious consumers seeking reliable and aesthetically pleasing solar solutions.The revenue structure of Solaria is primarily driven by direct sales of its solar panels, particularly the PowerX Advantage Series, to both residential and commercial customers. Transactions typically occur through partnerships with solar installers and distributors, allowing for direct-to-consumer sales as well as B2B engagements. The company may also benefit from maintenance and warranty support services, reinforcing its commitment to long-term client relationships. The pricing strategy for its flagship products aligns with market standards for high-efficiency solar panels, emphasizing the value proposition of enhanced energy yield and robust performance over time. This structured approach facilitates a stable revenue stream through upfront payments for product installations as well as ongoing support contracts.In October 2022, Complete Solar, Inc. agreed to merge with Solaria Corporation to form Complete Solaria, Inc. This merger will enable the combined entity to bundle hardware, software, and additional services for sale through partner channels, significantly scaling up market footprint to enhance the adoption of residential solar solutions. The recent funding will support these initiatives by allowing the company to expand its geographic presence into new markets while continuing to develop innovative products. This strategic direction is expected to solidify Complete Solaria’s position as a competitive player in the solar energy sector.

## Funding rounds

- Series B, Dec 31, 2014, $5M — Tennenbaum Capital Partners, SJF Ventures, DBL Partners, Sigma Partners
- Series A, Jan 10, 2014, $6.1M — Presidio Partners, Sigma Partners
- Series E, Nov 23, 2011, $30M — NGEN Partners, Presidio Partners, DBL Partners, Sigma Partners
- Series D, Sep 8, 2010, $20M — Adams Street Partners, Presidio Partners, Western Technology Investment, Cycad Group, DBL Partners
- Series D, May 11, 2010, $45M — NGEN Partners, Presidio Partners, Mitsui Global Investment, DBL Partners, Savitr Capital LLC, Sigma Partners
- Series C, Jul 23, 2007, $50M — NGEN Partners, Q CELLS, Moser Baer India Limited, Sigma Partners
- Series B, Sep 19, 2006, $22M — NGEN Partners, Q CELLS, Moser Baer India Limited, Sigma Partners

## Investors

- NGEN Partners (https://capitalatlas.ai/funds/ngen-partners) — Series B, Series C, Series D, Series E
- Q CELLS — Series B, Series C
- Moser Baer India Limited — Series B, Series C
- Sigma Partners — Series B, Series C, Series D, Series E, Series A
- Presidio Partners (https://capitalatlas.ai/funds/presidio-partners) — Series D, Series E, Series A
- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series D
- DBL Partners (https://capitalatlas.ai/funds/dbl-partners) — Series D, Series E, Series B
- Savitr Capital LLC — Series D
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series D
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series D
- Cycad Group (https://capitalatlas.ai/funds/cycad-group) — Series D
- Tennenbaum Capital Partners — Series B
- SJF Ventures (https://capitalatlas.ai/funds/sjf-ventures) — Series B