Perovskia Solar receives investment of 2.4 million dollars
Perovskia Solar AG has received $2.4 million in fresh capital to further develop its flexible solar technology. The solar cells can be integrated into IoT devices and smart systems. With new investors and resources, the company is ready for further growth.
Perovskia Solar AG has received fresh capital in the amount of 2.4 million dollars. The spin-off of the Swiss Federal Laboratories for Materials Science and Technology(Empa), which was founded in 2021, announced that it is now welcoming Basel-based Kickfund, London-based venture capitalist D&FG Elements and a global coalition of business angels led by Nils Hagander and Beda Rohner as investors in addition to existing investors Empa, Venture Kick and Johannes Suter from Zurich. Hagander joins Perovskia’s Board of Directors.
Perovskia offers digitally printed and flexibly customizable solar cells to OEMs. “Our energy harvesting technology has been developed at Empa for over six years and enables us to bring Perovskia Solar to the market with a finished product that powers next-generation devices for industrial and consumer use,” founder and CTO Tobias Meyer is quoted as saying. The cleantech start-up, founded in 2021, has already acquired “more than ten leading companies from the Internet of Things (IoT) industry” as customers.
Perovskia’s vision is that the ultra-thin solar cells can be integrated into any device, for example in networked intelligent systems known as Smart City, Smart Grid, Smart Building and Industrial IoT. “We make it possible for solar cells to be designed around products and not products around solar cells,” reads a self-promotion by the award-winning start-up.
This funding will allow Perovskia to “expand, innovate and grow”, according to another press release. “With a new website, modernized machines and talented new team members, we are more committed than ever to our mission: a solar cell on every device.”