Caelux raises $12M to bring perovskite solar technology to market. Pasadena, CA-based Caelux, a company that uses perovskite technology to make solar energy more cost-effective, has raised $12M in Series A funding. The round was led by Temasek, with participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures.
Caelux's flagship product, Caelux™ One, is a perovskite-coated glass that can be integrated into existing PV module manufacturing processes. This enables Caelux to boost its performance, reduce the installed costs, and accelerate the proliferation of solar energy. The company plans to use the new funding to support its factory ramp, research and development, and product launch. Caelux is also building a manufacturing facility in Baldwin Park, California, to reach 100MW of perovskite-coated glass production capacity.
This investment is a major milestone for Caelux and for the solar industry as a whole. It shows that there is strong investor interest in perovskite solar technology, which has the potential to revolutionize the way we generate and use energy.
