Caelux, a Pasadena, California-based company that uses perovskite tech for solar energy, raised $12M in Series A3 funding.
The round, which brought the total amount to $23M, was led by Temasek with participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures.
The company intends to use the funds to support its factory ramp, research and development, and product launch, to bring its solar solution to market at a critical time of pressing environmental challenges.
Led by CEO Scott Graybeal, Caelux offers proprietary technologies that improves the performance of any new crystalline silicon module, making solar energy cost-effective. Its flagship product, Caelux™ One, integrates into existing PV module manufacturing processes, to boost performance, reduce installed costs, and accelerate the proliferation of solar. To bring this innovation to market, the company is building a manufacturing facility in Baldwin Park, California, and ramping up to reach 100MW of perovskite-coated glass.
FinSMEs
14/08/2023