Solestial Secures $17M Sequence A to Speed up House Photo voltaic Manufacturing
by Clarence Oxford
Los Angeles CA (SPX) Might 19, 2025
Solestial has closed a $17 million Sequence A funding spherical led by AE Ventures, with participation from Crosscut Ventures, Zeon Ventures, and Mitsubishi Electrical Company’s ME Innovation Fund, managed by World Mind Company. Returning buyers embrace Airbus Ventures, Common Objective Enterprise Capital, Industrious Ventures, Stellar Ventures, and Techstars.
The funding will allow Solestial to increase its manufacturing capability to 1 megawatt per yr, roughly matching the mixed manufacturing functionality of all U.S. and EU III-V house photo voltaic producers.
The corporate additionally introduced a management transition, naming Margo de Naray as Chief Government Officer. De Naray, beforehand Senior VP and GM of House Merchandise and Providers at Astra, brings twenty years of expertise in industrial house expertise. Founder Stanislau Herasimenka will transition to Chief Know-how Officer, specializing in advancing Solestial’s product roadmap.
“We’re thrilled to welcome Margo to steer Solestial into its subsequent chapter,” stated Herasimenka. “This transition permits me to proceed creating our cutting-edge expertise, whereas Margo brings extra strategic management and operational expertise to ship at scale.”
De Naray famous the robust market demand for Solestial’s expertise, which is already deployed on a number of house missions. “We’re hiring, scaling manufacturing, and qualifying our expertise to fulfill the rising wants of our prospects,” she stated.
AE Ventures Companion Beckett Jackson highlighted Solestial’s function in addressing the essential bottleneck in house photo voltaic manufacturing. “Solestial is uniquely positioned to serve spacecraft producers with mass manufacturing of light-weight, radiation-hardened options at decrease prices and shorter lead occasions,” Jackson stated.
Solestial’s self-healing photovoltaic expertise, which reduces prices and weight with out sacrificing efficiency, units it aside within the business. Airbus Ventures Companion Mat Costes expressed confidence within the firm’s management and market positioning, noting that Solestial is ready to fulfill accelerating demand.
Mitsubishi Electrical Company’s Komi Matsubara, a long-time collaborator, additionally bolstered the potential of Solestial’s improvements, signaling robust business assist for the corporate’s progress.
Since opening its Tempe, Arizona facility in 2023, Solestial has doubled its workforce, expanded manufacturing house, and delivered merchandise to quite a few industrial companions.
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