What is 1366 Technologies?
CubicPV is a pioneering force in the renewable energy sector, specializing in the development of high-efficiency tandem solar modules. By leveraging advanced perovskite materials, the company aims to redefine the power-to-area ratio of traditional solar installations, significantly lowering the levelized cost of electricity. Its market position is bolstered by a deep commitment to R&D, targeting industrial partners and large-scale developers who require scalable, low-carbon energy solutions. The company's transition from 1366 Technologies to CubicPV marks a strategic evolution, focusing on the commercialization of technologies that promise to accelerate global climate change mitigation efforts.
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, VENTIZZ Capital Partners, Polaris Partners, and North Bridge Venture Partners
Grant (2011): $3M featuring U.S. Department of Energy
Series C (2013): $15.1M backed by VantagePoint Capital Partners, Energy Technology Ventures, North Bridge Venture Partners, Tokuyama Corporation, and Polaris 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
A mission-driven investment firm backed by global business leaders, focusing on companies that can significantly reduce emissions across electricity, manufacturing, and transportation sectors.
North Bridge Venture Partners
A venture capital firm that provides seed-to-growth financing to disruptive startups, aiming to transform innovative ideas into market-leading enterprises.
Polaris Partners
A venture capital firm specializing in backing transformational companies, providing deep operational expertise and resources to foster long-term growth.
What's next for 1366 Technologies?
Looking ahead, CubicPV is poised to leverage its recent capital infusion to accelerate the manufacturing readiness of its perovskite-based products. The strategic focus remains on overcoming the historical barriers to mass-market adoption of tandem solar technology, specifically regarding durability and production yield. By maintaining strong alliances with its diverse investor base—which includes both government-backed entities and private climate-focused funds—the company is well-positioned to navigate the capital-intensive nature of the solar hardware industry. Future milestones will likely center on pilot-to-commercial scale transitions and the expansion of its footprint within the global utility-scale solar market.
See full 1366 Technologies company page
