Silfab Solar Inc., a Burlington, WA-based photo-voltaic (“PV”) module manufacturer, raised $100M in funding.
The round consisted of $50M equity investment led by funds advised by ARC Financial Corp. and included investment from their existing co-investors. It additionally raised a $50M senior secured financing led by Breakwall Capital.
The company intends to use the funds to scale its solar cell manufacturing plant.
Led by CEO Paolo Maccario, President and CEO, Silfab Solar specializes in the design, development and manufacture of high-efficiency, premium quality PV modules. It operates facilities in the state of Washington and Toronto, Canada, and will soon be manufacturing solar cells and PV modules in Fort Mill, South Carolina.
Each operating facility features multiple automated production lines, certified to the ISO 9001:2015 Quality Management System standard, and just-in-time manufacturing to deliver Buy American approved PV modules specifically designed for and dedicated to the North American market.
FinSMEs
22/11/2024