LuxWall, a Ypsilanti, MI-based startup producing Net Zero Glass technology, raised $33M in Series A funding.
The round, which brought the total funding raised to $39M, was led by 2150, with participation from Khosla Ventures and current investors, Breakthrough Energy Ventures (BEV) and Prelude Ventures.
Led by Scott Thomsen, CEO, LuxWall is focused on the product development, scaling and commercialization of innovative glass products and solutions for the built environment. Its Net Zero Glass incorporates vacuum insulation technology to significantly reduce conduction, convection and radiative heat gain and energy loss in windows. Net Zero Glass delivers R-12+ thermal insulation versus R-3 to R-7 performance for current product offerings. LuxWall’s windows consist of two vacuum-insulated coated glass (VIG) panes and act much like a thermos bottle.
The company intends to use the funds to scale the production of its Net Zero Glass technology at ‘LuxWall Factory 1’, its first, purpose-built commercial factory, which is a scaling extension of LuxWall’s pilot production line commissioned in 2022.
FinSMEs
31/01/2023