Caelux Receives $12 Million Investment

Caelux, which works on solar energy, received an investment of $ 12 million. Caelux's investment round; Mitsui Fudosan, Fine Structure Ventures, Reliance New Energy Limited, Khosla Ventures participated. The startup will use this investment for product development. The startup was launched in 2014. Founded by John Iannelli, the startup has received a total investment of $ 23 million to date.

Also See: Wastespresso Completes Bridge Investment Round

Caelux Improves Solar Energy Solutions with Perovskite Technology

The startup is developing solutions for solar energy through perovskite technology. Perovskite is a material that enables the production of solar cells. Caelux has developed a special technology for solar panels. This special technology improves the performance of silicon-based panels. Perovskite technology plays an active role in increasing the efficiency of solar energy and sustainable energy solutions. Unlike traditional silicon-based solar panels, it stands out with advantages such as low cost, high efficiency, etc.

Caelux works towards both the popularisation and sustainable use of solar energy technology. It aims to solve the environmental problems in the energy sector. Solar energy, which does not cause greenhouse gas emissions, is among the clean energy sources. Caelux has developed a product called Caelux™ One to reduce the effects of global warming. This product is integrated into solar energy panels. Thus, the performance of the panels is increased. The startup will use the new investment to build a production facility in California and increase the production of perovski coated glass.