Caelux Secures Funding to Propel Perovskite Solar Innovation
Caelux, a company that harnesses perovskite technology, announced the closure of a $12 million Series A3 funding round for solar panels.
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Caelux, a company that harnesses perovskite technology, announced the closure of a $12 million Series A3 funding round for solar panels.
Caelux, a trailblazer in the utilization of perovskite technology to enhance the efficiency of solar energy, has secured $12 million.
With a new infusion of capital, renewable-energy manufacturer Caelux Corp. has opened an additional facility in Baldwin Park. The Pasadena-based company recently closed $12 million of investment in a series A funding round led by Temasek Holding Ltd., bringing its total funding to $24 million. Caelux was founded in 2014 as a spinoff of the California Institute of Technology and works with perovskite, a crystalline material.
Perovskite development has been a major R&D buzzword in the solar industry for the last decade. The nanomaterial absorbs more of the light spectrum