What is 1366 Technologies?
CubicPV specializes in the development of innovative solar technology, with a primary focus on tandem solar modules designed to deliver superior power efficiency per square meter. By pioneering advancements in perovskite solar technology, the company aims to significantly reduce the carbon footprint associated with energy production. Its market position is defined by a commitment to making clean, sustainable solar energy accessible to a global audience, serving industrial partners, academic institutions, and energy developers alike. The company's technological roadmap is centered on climate change mitigation through high-performance materials and efficient manufacturing processes.
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 Polaris Partners, VENTIZZ Capital Partners, North Bridge Venture Partners, and Hanwha Group
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
Breakthrough Energy Ventures
A mission-driven investment firm backed by global business leaders, focusing on cutting-edge technologies that aim to achieve net-zero emissions across key economic sectors.
Polaris Partners
A venture capital firm specializing in transformational companies, providing strategic coaching and resources to foster innovation in high-growth industries.
North Bridge Venture Partners
An investment firm that provides seed-to-growth financing to disruptive startups, with a focus on transforming early-stage ideas into market-leading enterprises.
What's next for 1366 Technologies?
Looking ahead, the strategic deployment of $350K will likely focus on the industrialization of perovskite-based tandem modules. As the company transitions from development to large-scale deployment, the focus will shift toward optimizing manufacturing yields and expanding its footprint within the global utility-scale solar market. The backing from specialized energy investors suggests a long-term commitment to achieving net-zero goals, positioning the firm to capitalize on the increasing demand for high-efficiency renewable energy infrastructure. Future growth will be predicated on the successful integration of these advanced modules into existing energy grids and the continued refinement of its proprietary material science.
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