# Heliene: Semiconductors, Mountain Iron, United States

> Heliene: Heliene is a North American manufacturer of high-quality solar photovoltaic (PV) modules, founded in 2010. Based in Mountain Iron, United States.

Source: https://millionrounds.com/startup/heliene (Millionrounds; every figure on the page links to its filing or article)

United States · [Semiconductors startup](https://millionrounds.com/companies)

# Heliene

Heliene is a North American manufacturer of high-quality solar photovoltaic (PV) modules, founded in 2010.

Funding reported Last round: Debt financing

Semiconductors Mountain Iron, United States

Company summary

- **Founded:** 2010 16 years old
- **Team:** 750 201 to 1,000 people
- **Funding reported:** $171M in dollars
- **Last round:** Debt financing Sept 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Heliene has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Heliene

Heliene is a North American manufacturer of high-quality solar photovoltaic (PV) modules, founded in 2010.

The company is dedicated to reducing global reliance on fossil fuels and focuses on customer success. With headquarters in Sault Ste. Marie, Ontario, and operations in Minnesota and Florida, Heliene ensures compliance with U.S. trade incentives through its domestic production. The company specializes in high-efficiency crystalline silicon photovoltaic (CSPV) modules, offering a variety of types including monocrystalline, polycrystalline, and bifacial options. Heliene's modules feature anti-reflective solar glass for enhanced output and are designed to meet the requirements for domestic content incentives under the Inflation Reduction Act. Recognized as a Bloomberg Tier 1 module manufacturer, Heliene serves utility-scale, commercial, and residential projects, providing reliable solar solutions tailored to diverse customer needs.

## What company datasets say Heliene raised

Funding, as reported

Reported in all **$171M** in dollars

Rounds **3**

Last round **Debt financing**

Last round size **$54M**

Last round date **Sept 2023**

Investors listed **5**

## Founders and team

From Heliene's own website: 5 on the team.

- **Martin Pochtaruk** Chief Executive Officer
- **David Reasenberg** Chief Commercial Officer
- **Gwilym Jeans** Chief Operating Officer
- **Itai Suez** Chief Technology Officer
- **Neil Reierson** Chief Financial Officer

## On 3 portfolio pages

Investors who name them

- [OIC](https://millionrounds.com/fund/oic)
- [Hennessy Capital](https://millionrounds.com/fund/hennessy-capital-group-llc)
- [Orion Energy Partners](https://millionrounds.com/fund/orion-energy-partners)

Each firm lists Heliene on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

hardware high efficiency solar panels clean energy & technology polycrystalline high transmission pv glass solar module warranty advanced perc cell technology solar modules for utility-scale projects distribution manufacturing space-grade solar technology electrical equipment & components perc cell architecture solar project support solar modules with 25-year warranties high wind and snow load modules

Built with from their website

Revel iPad POS Tableau CloudFlare Google Cloud Hosting CloudFlare CDN React Microsoft Exchange Microsoft 365 Apps & Services SQL Brevo

+8 more

Microsoft Dynamics 365 Mag+ Microsoft Power BI Siemens SIMATIC HMI Framer Cloudflare DNS Microsoft Office Python

- **Sector:** Semiconductors
- **Industry code:** NAICS 33531, 334, SIC 3671
- **Region:** Minnesota
- **Revenue:** $21M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/heliene-inc)

## Semiconductors in United States

Startups like it

- [**d-Matrix** Santa Clara · founded 2019 *Raised*](https://millionrounds.com/company/d-matrix)
- [**Celestial AI** Santa Clara · founded 2020 *Raised*](https://millionrounds.com/company/celestial-ai)
- [**Teradar** Boston · founded 2021 *Raised*](https://millionrounds.com/company/teradar)
- [**Terabase Energy** Berkeley · founded 2019 *Raised*](https://millionrounds.com/company/terabase-energy)
- [**Celero Communications** Irvine · founded 2024 *Raised*](https://millionrounds.com/company/celero-communications)
- [**Delos Data** Palo Alto *Raised*](https://millionrounds.com/company/delos-data)
- [**Amogy** New York · founded 2020 *Raised*](https://millionrounds.com/company/amogy)
- [**Ethernovia** San Jose · founded 2018 *Raised*](https://millionrounds.com/company/ethernovia)

## Is this your company?

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