Caelux Announces $12M to Fund Next-Generation Solar Innovation with Perovskite Technology
Caelux, a pioneer in utilizing perovskites to make solar energy more powerful and cost-effective, enabling the next generation of solar innovation, today announced the closure of a $12M Series A3 funding round led by Temasek, a global investment company, with participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures.
This round brings the company’s total amount raised for the Series A to $24 million. The funding will be allocated primarily to support the company’s factory ramp, research and development, and product launch, allowing Caelux to bring its more powerful, efficient, and affordable solar solution to market at a critical time of pressing environmental challenges. The investment follows Caelux’s advancements in perovskite technology, creating a more near-term solution than previously thought possible and allowing for imminent deployment at scale. 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.