Swift Solar
Swift Solar develops lightweight and flexible photovoltaic cells using engineered perovskite tandem technology, which efficiently absorbs the solar spectrum to maximize power output. By manufacturing these cells domestically, the company reduces carbon emissions and mitigates supply chain risks, enabling scalable production to meet global energy demands.
- Clean Technology
- Energy
- New Materials
Funding
Raised to date
$43.8MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 3 rounds
+10$27M · Series A
Announced Jun 2024
Disclosed cumulative: $42M
Founders
Product
Problem
Traditional silicon-based solar panels have limitations in efficiency, cost, and versatility, hindering the widespread adoption of solar energy. Manufacturing and supply chain dependencies also pose risks to meeting global energy demands.
Solution
Swift Solar develops high-efficiency, flexible solar cells using perovskite tandem technology. These cells efficiently absorb the solar spectrum, maximizing power output and exceeding the efficiency of traditional silicon-based solar panels. By manufacturing domestically, Swift Solar mitigates supply chain risks and reduces carbon emissions. The company's perovskite-powered products are designed to be more cost-effective and versatile, enabling broader applications across commercial, industrial, residential, and even aerospace sectors.
Target Audience
Swift Solar targets businesses, factories, utilities, homeowners, and government entities seeking more efficient, cost-effective, and versatile solar energy solutions. Specific applications include commercial and industrial solar, utility-scale solar, residential and community solar, data centers, space solar, and vehicle integration.
Features
- Engineered perovskite materials for record-high efficiency in capturing the solar spectrum
- Tandem cell architecture to maximize power output
- Flexible form factor enabling diverse applications beyond traditional rigid panels
- Domestic manufacturing to ensure supply chain security and reduce carbon footprint
- Scalable production using abundant raw materials
- High stability, with an equivalent lifetime of 30 years