What is Utilight?
Utilight Corp Ltd. specializes in advanced printing technology (PTP) designed to significantly boost solar cell conversion efficiency. Their proprietary solutions integrate seamlessly with standard industry pastes and processes, offering a cost-effective method for solar energy companies to enhance their manufacturing capabilities. Based in Yavne, Israel, Utilight aims to overcome current technological limitations in solar energy production, positioning itself as a key innovator in the renewable energy market.
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 I2BF Global Venture, Robert Bosch Venture Capital, and Waarde Capital
Key Investors in Utilight
I2BF Global Venture
I2BF Global Ventures is an international technology-focused venture capital firm with a global investment mandate, seeking innovative companies for a 'Brighter Future'.
Robert Bosch Venture Capital
Robert Bosch Venture Capital GmbH is the corporate venture capital arm of Bosch, investing worldwide in innovative start-up companies across all development stages.
Waarde Capital
Waarde Capital is an investment company founded by entrepreneurs for entrepreneurs, focusing on identifying and supporting strong companies globally with a commitment to environmental and social values.
What's next for Utilight?
The substantial enterprise-level funding secured by Utilight signals a strategic push towards scaling its operations and further developing its innovative printing technology. This capital injection is expected to accelerate market penetration and solidify its position as a leader in solar cell efficiency enhancement. The company's focus on cost reduction and performance improvement aligns with the growing global demand for sustainable energy solutions, suggesting a future of significant expansion and technological advancement in the solar energy sector.
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