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Solar PV technology company Swift Solar recently recognized by a joint R&D 100 Award with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) has raised over $16 million in equity financing to date for its work with perovskite tech, recently securing more than $8 million in Series Seed 2 funding, with an additional $1.5 million expected to close soon. The funding round will be used to expand R&D capabilities, develop prototypes, and grow the Swift Solar team.
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“Today’s industry leaders recognize that perovskite technology represents new possibilities for the future of solar,” said Co-Founder and CEO Joel Jean. “The Swift Solar team is working nonstop to make solar panels more affordable, more efficient, and easier to install. With this funding, we can move faster on our path toward powering tomorrow’s zero-emissions vehicles and power grids with high-performance solar.”
Swift Solar, a San Carlos, Calif.-based solar PV technology company, secured more than $8m in Seed 2 funding, with an additional $1.5m expected to close soon, for a total of $9.6m.
The round was led by GitLab CEO Sid Sijbrandij and cryptocurrency expert James Fickel. Other participants in the round include climate tech and deep tech investors Good Growth Capital, Safar Partners, Climate Capital, Jack Fuchs, and Sierra Peterson, crypto and finance professionals Jonathan Lin, Grant Hummer, and Ethereum creator Vitalik Buterin, and a diverse group of angel investors.
The funding round will be used to expand R&D capabilities, develop prototypes, and grow the Swift Solar team.