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MiaSolé has raised $106.0M across 4 funding rounds.
Key people at MiaSolé.
MiaSolé has raised $106.0M in total across 4 funding rounds.
MiaSolé is a producer of lightweight, flexible and powerful solar cells and cell manufacturing equipment. The innovative solar cell is based on the highest efficiency thin film technology available today, and its flexible cell architecture makes it ideal for a wide variety of solutions ranging from commercial roofing solar panels to portable mobile devices.
Key people at MiaSolé.
MiaSolé has raised $106.0M in total across 4 funding rounds.
MiaSolé's investors include VantagePoint Capital Partners.
MiaSolé has raised $106.0M across 4 funding rounds. Most recently, it raised $50.0M Series D in September 2007.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2007 | $50M Series D | — | VantagePoint Capital Partners | Announced |
| Oct 1, 2006 | $35M Series C | — | VantagePoint Capital Partners | Announced |
| May 1, 2005 | $16M Series B | — | VantagePoint Capital Partners | Announced |
| May 1, 2004 | $5M Series A | — | VantagePoint Capital Partners | Announced |
MiaSolé is a technology company specializing in lightweight, flexible, high-efficiency thin-film solar cells and manufacturing equipment based on CIGS (copper-indium-gallium-selenide) technology.[1][2][4] It produces products like the FLEX-N, FLEX-M, and FLEX-W series flexible solar cells, custom modules, and consumer chargers, serving applications in transportation, commercial and residential roofing, marine, carports, construction, and agriculture.[1][2] These solutions address the limitations of rigid solar panels by enabling deployment on curved surfaces, portable devices, and weight-sensitive environments, with demonstrated efficiencies up to 19.4% in labs and 17.5% in production modules, alongside record-breaking tandem cells at 26.5%.[1][2][3] The company supports customers through turnkey CIGS production lines, process technology, and R&D, driving growth in flexible solar adoption amid rising demand for versatile photovoltaics.[2][4]
Founded in 2004 as a Silicon Valley startup, MiaSolé pioneered thin-film solar efficiency, evolving from early R&D in Sunnyvale, California, where it achieved breakthroughs like 17.5% module efficiency in production.[1][2] The company's idea stemmed from advancing CIGS thin-film technology via a continuous sputtering process on stainless steel foil, targeting flexible applications beyond traditional rigid panels.[1][4] Key leadership includes figures like Dr. Zhang, former CEO with experience at Hareon Solar managing global operations, and Ma, who secured over $1.2 billion in equipment contracts as VP of Sales & Marketing.[2] Pivotal moments include multiple world records, such as 23% efficiency on flexible CIGS cells in 2019 and 26.5% on tandem CIGS/perovskite cells in 2021 with Solliance, alongside commercial milestones like 18.64% on large-area modules confirmed by Fraunhofer ISE.[3] Despite periods of dormancy noted in PPP loan reports, MiaSolé has sustained innovation with over 200 patents.[2]
MiaSolé rides the trend toward flexible, lightweight photovoltaics amid the global shift to renewables, where market forces like falling solar costs, electrification of transport, and off-grid energy needs favor non-rigid solutions over heavy silicon panels.[1][4] Its timing aligns with surging demand for building-integrated PV, marine/agricultural solar, and portable power, amplified by efficiency records that validate CIGS for utility-scale and niche deployments.[2][3] By partnering with integrators for global installations and enabling customer factories (e.g., $1.2B+ equipment deals in China), MiaSolé influences the ecosystem through technology transfer, reducing barriers to high-efficiency thin-film adoption and accelerating innovation in tandem perovskites.[2][3]
MiaSolé's next phase likely focuses on commercializing tandem efficiencies beyond 26.5% and expanding turnkey lines for emerging markets like EV integration and agrivoltaics, leveraging its patent portfolio amid perovskite hype.[2][3] Trends such as lightweight solar for drones, buildings, and space will shape its path, potentially amplifying influence if manufacturing partners scale output. As a flexible solar pioneer, it could redefine accessibility in renewables, building on its Silicon Valley roots to lead the pivot from rigid dominance—positioning it for resurgence in a decarbonizing world.[1][4]
