What is Utilight?
Utilight Corp Ltd. is an Israeli-based company specializing in advanced printing technology designed to enhance solar cell conversion efficiency while simultaneously reducing manufacturing costs. Their proprietary PTP technology enables the use of standard industry pastes and processes, offering a significant advantage to clients in the solar energy sector seeking to optimize production. The company's commitment to innovation positions it as a key player in advancing current solar technology.
How much funding has Utilight raised?
Utilight has raised a total of $2.9M across 1 funding round:
Angel/Seed
$2.9M
Angel/Seed (2016): $2.9M with participation from Waarde Capital, I2BF Global Venture, and Robert Bosch Venture Capital
Key Investors in Utilight
Waarde Capital
Waarde Capital is a global investment firm that supports companies across various stages of their lifecycle, focusing on strategic planning and revenue growth. Their broad investment mandate includes regions like Europe, the US, and Israel, with a commitment to environmental and social values.
I2BF Global Venture
I2BF Global Ventures is an international technology-focused venture capital firm established in 2005, seeking innovative companies for a 'Brighter Future'. They manage over $195 million across four vehicles and maintain a global investment strategy with teams in New York, London, Moscow, Dubai, and Astana.
Robert Bosch Venture Capital
Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital arm of Bosch, investing worldwide in innovative start-up companies at all stages of their development. They focus on identifying and supporting disruptive technologies and business models.
What's next for Utilight?
With a substantial enterprise-level funding round, Utilight is strategically positioned for accelerated growth and market penetration. The recent strategic investment signals strong confidence from backers in the company's disruptive printing technology for solar cells. Future developments are likely to focus on scaling production capabilities, expanding its client base within the global solar energy market, and further refining its PTP technology to maintain a competitive edge. This capital infusion will be critical in navigating the competitive landscape and solidifying its role in the renewable energy transition.
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