Perovskite Start-Up Closes A3 Funding Round

Caelux To Use $12 Million Funding To Provide More Powerful, Efficient & Affordable Solar Solutions

Perovskite Start-Up Closes A3 Funding Round

US based perovskite solar technology company, Caelux, with its newly secured funding of $12 million, will now focus on bringing more powerful, efficient, and affordable solar solution to market. (Illustrative photo of perovskite; Photo Credit: Taylan Celik / Shutterstock.com)

  • With this $12 million Series A3 funding, Caelux raised $24 million in total
  • The funds to be used to support factory ramp, research and development, and product launch
  • Caelux to also focus on ushering in the next generation of solar innovation, including producing ful-size perovskite sub-modules

US based perovskite solar technology company, Caelux, announced that it has closed its $12 million Series A3 funding round. It was led by global investment company Temasek, with participation from Reliance New Energy Limited, Mitsui Fudosan, Khosla Ventures, and Fine Structure Ventures.

Till now, Caelux has raised Series A funding of $24 million. The current funds will be used to support the company’s factory ramp, research and development, and product launch. With this, Caelux intends to bring its more powerful, efficient, and affordable solar solution to market, especially during a time when there are pressing environmental challenges.

Speaking about this development, CEO of Caelux, Scott Graybeal said, “Our advances in perovskite technology represent a seismic shift in the solar energy industry, providing more powerful, efficient, and cost-effective solar solutions. This investment will support our mission to usher in the next generation of solar innovation, including our production of full-size perovskite sub-modules. We are excited to have attracted visionary, global investors to help us on our journey to multi-gigawatt scale.”

This investment comes at a time when Caelux’s advancements in perovskite technology is creating near-term solutions than previously thought possible. In 2022, Reliance Industries Limited (RIL) had invested $12 million to acquire a 20% stake in Caelux (see Reliance To Invest $12 Million In US Perovskite Firm)

 

About The Author

Meena Nair

MARKETING COMMUNICATIONS MANAGER Meena Nair comes with a diverse experience of journalism and Corporate Communication. At TaiyangNews, she is responsible for social media research and marketing, and promotion of TaiyangNews Conferences and Webinars. If you are receiving LinkedIn Newsletters from TaiyangNews, well she is the one compiling them. In case you don’t, it’s high time you subscribe to them. They are a weekly repository of all the developments that have taken place in the solar space. Prior to joining TaiyangNews, Meena has worked with leading media houses, Deloitte and Mirum – Digital Marketing Agency. [email protected]

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