TLDR:
Swift Solar, a solar technology company based in San Carlos, CA, raised $27M in Series A funding led by Eni Next and Fontinalis Partners. The company plans to use the funds to accelerate the scaling of its technology and break ground on their first factory. Swift Solar develops perovskite photovoltaics and aims to bring advanced solar manufacturing back to the U.S.
Article Summary
Swift Solar, a solar technology company, secured $27M in Series A funding led by Eni Next and Fontinalis Partners. Other investors included Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, and individual investors like Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin, and Climate Capital.
The funding will be used to accelerate the scaling of Swift Solar’s technology and prepare for the construction of their first factory. CEO Joel Jean highlighted the company’s goal to outperform current solar technology offerings with their advanced perovskite solar cells. Swift Solar aims to reshape the global solar industry by bringing advanced solar manufacturing back to the U.S.
Joel Jean emphasized the opportunity to strengthen the domestic renewable energy sector and partner with world-class deeptech and strategic investors to take Swift Solar to the next level.
