Swift Photo voltaic has closed its $27 million Sequence A financing spherical, co-led by Eni Subsequent and Fontinalis Companions.
Additionally becoming a member of the spherical are Stanford College, Good Development Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin and Local weather Capital.
The corporate says it has raised $44 million of funding in complete for its perovskite tandem photo voltaic merchandise.
“Photo voltaic is the way forward for vitality, not simply clear vitality,” says Joel Jean, co-founder and CEO of Swift Photo voltaic.
“Our superior perovskite photo voltaic cells can outperform something at the moment accessible in the marketplace. Individuals could not notice that photo voltaic manufacturing right this moment is concentrated in China and Southeast Asia. Swift Photo voltaic will deliver superior photo voltaic manufacturing again to the U.S. and strengthen our home renewable vitality sector. That is an unprecedented alternative to reshape the worldwide photo voltaic business. With this spherical, we’re excited to companion with world-class deeptech and strategic buyers to take Swift to the subsequent degree.”
The corporate provides that it has attracted $16 million in federal and state grants from the U.S. Division of Vitality, Division of Protection, Nationwide Science Basis and the California Vitality Fee.
