Next Energy Technologies, Inc., a Santa Barbara CA-based company developing transparent energy harvesting window technology company, raised $13.4M in Series C funding.
The round was led by Alon Blue Square Israel, Ltd., Gear Innovation Network and Viracon. Real estate family office Rincon Advisors also participated in the financing.
The company intends to use the funds to accelerate the transition to large-area coating for commercialization, pilot installations, durability testing, and industry certification, in preparation for use by window manufacturers.
Led by Daniel Emmett, CEO, Next has developed low-cost, printable, transparent coatings that are integrated into windows, enabling them to function like solar panels – harvesting and converting sunlight into renewable energy to power commercial buildings.