Having claimed over 55MW of its GIGS thin film product offerings have been installed to data, MiaSolé has secured further funding to the tune of US$55 million from investors to support a focus on what it described as ‘commercial performance.’
“This funding comes at a time when the company has begun production of 14% modules with the industry's lowest capex per watt, which is now under 50 cents. We are pleased that investors have demonstrated a powerful endorsement of our strategy and growing success in the market,” said John Carrington, CEO of MiaSolé. “This additional investment will allow us to take the company to the next level and we are focused on aggressively building the commercial side of our business with both our traditional glass-on-glass and flexible products. We have demonstrated technology leadership and are now focused on commercial performance: our investors have responded to that.”
Investor, Vantage Point Capital Partners contributed to the investment round, citing that MiaSolé had the right strategy, technology and team to being able to compete.