Perovskia Solar Raises $2.36 Million and Secures 10 IoT Customers

Perovskia Solar, a startup specializing in custom solar cells for various electronic devices, has raised more than CHF 2 million ($2.36 million) in seed funding. The Swiss Federal Laboratories for Materials Science and Technology (Empa), from which the company emerged, announced the closing of the financing round.

“The spin-off company has brought the first perovskite solar cells to the market that can be used in smartwatches, keyboards and the like,” said Empa. “Conventional silicon solar cells are complex and expensive to custom produce, and are inefficient in poor lighting conditions. Perovskia Solar can print innovative perovskite solar cells of any size at a low cost. Thanks to their high efficiency, they can power virtually any indoor electronic device in bright home and office lighting.”

Perovskia Solar has announced that it has secured orders from more than ten leading companies in the IoT sector. The company plans to produce one million perovskite elements annually at its Swiss factory.

The custom cells are said to generate more than 80uW/cm² at 1,000 lux.

“With a lifespan of more than 10 years, our technology promises sustainable, scalable and cost-effective energy harvesting solutions, revolutionizing the IoT and consumer electronics market,” said Empa.