What is 1366 Technologies?
1366 Technologies is at the forefront of solar energy innovation, specializing in the development of advanced solar cell technologies. The company's core focus is on enhancing the efficiency and cost-effectiveness of solar power generation, aiming to accelerate the global transition to renewable energy sources. Their technological advancements are designed to make solar energy more accessible and competitive, contributing to a sustainable future. The company's commitment to research and development positions it as a key player in the clean energy sector, driving progress in photovoltaic efficiency and scalability.
How much funding has 1366 Technologies raised?
1366 Technologies has raised a total of $124.6M across 11 funding rounds:
Private Equity
$5.2M
Series B
$28.4M
Grant
$3M
Series C
$15.1M
Private Equity
$10M
Private Equity
$15M
Private Equity
$8.2M
Series D
$9M
Series E
$18M
Debt
$350K
Private Equity (2010): $5.2M, investors not publicly disclosed
Series B (2010): $28.4M supported by Hanwha Group, North Bridge Venture Partners, Polaris Partners, and VENTIZZ Capital Partners
Grant (2011): $3M featuring U.S. Department of Energy
Series C (2013): $15.1M backed by Polaris Partners, Energy Technology Ventures, Tokuyama Corporation, VantagePoint Capital Partners, and North Bridge Venture Partners
Private Equity (2016): $10M with participation from Hanwha Investment Corporation
Private Equity (2016): $15M led by Wacker Chemie
Private Equity (2017): $8.2M, investors not publicly disclosed
Series D (2017): $9M, investors not publicly disclosed
Series E (2019): $18M backed by Breakthrough Energy Ventures
Debt (2020): $350K with participation from PPP
Key Investors in 1366 Technologies
Hanwha Group
Hanwha Group is a diversified conglomerate with extensive interests in solar energy, chemicals, aerospace, and finance, bringing significant industrial and strategic expertise to its investments.
North Bridge Venture Partners
North Bridge Venture Partners is a venture capital firm focused on investing in disruptive technologies and innovative companies, providing seed-to-growth financing to help transform startups into market leaders.
Polaris Partners
Polaris Partners is a venture capital firm specializing in backing transformational companies, particularly in biotech and healthcare, offering strategic advice and resources for growth.
What's next for 1366 Technologies?
With substantial backing and a clear strategic direction, 1366 Technologies is poised for significant growth. The recent major strategic investment signals confidence from its partners in the company's ability to execute its roadmap and further commercialize its groundbreaking solar technology. Future endeavors will likely focus on expanding manufacturing capabilities, forging new partnerships, and driving down the cost of solar energy to achieve widespread adoption. The company's continued innovation in solar efficiency is expected to play a crucial role in meeting global climate goals.
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