Perovskia Solar raises USD 2.4M funding to enable customized solar-cells on every device, securing first global market clients

18.09.2024 17:00, Guillaume Tinsel

Perovskia Solar, a spin-off from the Swiss Federal Laboratories for Materials Science and Technology (Empa), has secured USD 2.4 million in funding from a global coalition of angels and early-stage funds, and successfully obtained 10+ Internet-of-Things (IoT) industry leaders as clients. This award-winning startup has introduced the first ready-to-adopt perovskite solar cells on the market for edge devices and is scaling up its Swiss manufacturing capacity.

Perovskia Solar is a Swiss cleantech startup revolutionizing the energy landscape with highly efficient, custom-designed solar cells for IoT and consumer electronic devices. These cells harness ambient light to power the next generation of self-sustaining devices, drastically reducing reliance on traditional batteries and minimizing waste. The company's vision is to integrate a solar cell into every device, enabling our clients to launch breakthrough products with superior end-user experiences while tackling global environmental challenges. With robust energy efficiency and performance at disruptive costs, Perovskia Solar offers versatile, scalable technology that enables sustainable energy solutions across various industries.

“Energy harvesting for IoT devices is a rapidly growing market with multi-billion dollar potential,” said Anand Verma, Founder and CEO. “Our easy-to-adopt designer solar cells eliminate or extend batteries, unlocking the potential to enable solar power on every device.”

“Our energy harvesting technology has been crafted at Empa over six years, enabling us to jumpstart Perovskia Solar with a finished product that powers next-generation devices for industrial and consumer adoption,” added Tobias Meyer, Founder and CTO.

“Given our progress in the last year, Perovskia Solar offers a robust investment case with a compelling vision, a superlative product, and a capital-efficient path to profitable scale,” said Sandeep Raju, Incubation Lead and Board Member. “Alongside Empa, Venture Kick, and Jonny Suter as our early believers, we warmly welcome Kickfund, D&FG Elements, and our global coalition of angels led by Nils Hagander and Beda Rohner.”

“I am excited to join the board of Perovskia Solar to help scale up the business and realize the full potential of the founders’ groundbreaking inventions,” said Nils Hagander, entrepreneur and investor in technology and professional services ventures. “With a market-leading product, Perovskia is well positioned to catalyze the next generation of consumer and industrial IoT devices.”

Perovskia combines top-end aesthetics with energy harvesting at disruptive costs, offering the first ready-to-adopt perovskite cells on the global market for edge devices.

Perovksia Solar was ranked at the TOP 100 Swiss Startup Award in 2022 and 2023, won Venture Kick Stage 3 in 2021, and participated in the Venture Leaders Deeptech and Venture Leaders Mobile in 2021, among many other startup programs.

Perovskia Solar's team, from left to right: Engineer Demar Künzle, Material Science Engineer Pauline Boillat , CEO and Co-Founder Anand Verma, CTO and Co-Founder Dr. Toby Meier, and Founding Member Jessica Girard

Source: Perovskia Solar Press Release, Sept. 18 2024