What is 1366 Technologies?
1366 Technologies specializes in innovative solar technology, focusing on enhancing the efficiency of tandem solar modules to generate more power per square meter. The company is dedicated to reducing the levelized cost of energy (LCOE) and mitigating climate change through the adoption of advanced solar solutions. Their products leverage durable perovskite materials, showcasing a commitment to sustainable energy generation with lower carbon footprints. Cubic PV aims to collaborate with industrial partners and academia to accelerate the future of solar energy for a clean and equitable energy landscape.
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 North Bridge Venture Partners, VENTIZZ Capital Partners, Hanwha Group, and Polaris Partners
Grant (2011): $3M featuring U.S. Department of Energy
Series C (2013): $15.1M backed by Tokuyama Corporation, North Bridge Venture Partners, Polaris Partners, Energy Technology Ventures, and VantagePoint Capital 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
Breakthrough Energy Ventures
Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions, supporting bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation.
Polaris Partners
Polaris Partners is a venture capital firm that specializes in backing transformational companies in the biotech and healthcare sectors, partnering with entrepreneurs to create successful business solutions.
North Bridge Venture Partners
North Bridge Venture Partners invests in exceptional individuals whose innovative ideas have the potential to disrupt industries, providing seed-to-growth financing to help turn those ideas into successful companies.
What's next for 1366 Technologies?
With substantial capital infusions throughout its history, including significant private equity and venture rounds, 1366 Technologies is positioned for accelerated growth and market penetration. The company's focus on improving solar efficiency and reducing energy costs aligns with global sustainability goals, suggesting a strong future market demand. Future strategic investments will likely support further research into next-generation solar materials and manufacturing processes, solidifying its role in the clean energy transition.
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