HomeUSAAmbient Photonics Closes $17.5M Debt Financing

Ambient Photonics Closes $17.5M Debt Financing

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Ambient

Ambient Photonics, a Mill Valley, CA-based solar manufacturing company, completed $17.5m in debt financing.

Silicon Valley Bank and Trinity Capital provided the financial resources which brought combined equity and debt funding to $48.5m. They joined Amazon’s Climate Pledge Fund, Ecosystem Integrity Fund (EIF), Cthulhu Ventures, Tony Fadell’s Future Shape and I Squared Capital.

The funds will be used to build its U.S. solar manufacturing facility.

Led by CEO Bates Marshall, Ambient Photonics brings low-light energy harvesting technology to mass scale. Originally developed at the Warner Babcock Institute for Green Chemistry and funded at inception by Cthulhu Ventures LLC, the company’s low light solar PV cells deliver power density from a broader spectrum of ambient light. The company works with global smart home and IoT device manufacturers on embedded solar cells.

FinSMEs

08/09/2022