Perovskia Solar secures USD 2.4 million in funding and early IoT clients

Perovskia Solar, a Vaud-based tech start-up, has secured USD 2.4 million in seed funding and more than 10 early IoT clients to accelerate the adoption of its innovative solar cell technology.

Perovskia Solar, a spin-off from the Swiss Federal Laboratories for Materials Science and Technology (Empa), has secured USD 2.4 million in seed funding from a global coalition of investors. The start-up is focused on deploying its award-winning perovskite solar cells for edge devices in the Internet of Things (IoT) sector, providing low-cost, sustainable energy solutions.

The funding, led by Kickfund and D&FG Elements, marks an important milestone for the company as it seeks to scale production and commercialization. The technology has already attracted the attention of more than 10 IoT industry leaders, including companies in Europe, the US and Asia.

Perovskia Solar’s unique cells capture ambient light and are designed for integration into various consumer and industrial IoT devices. These cells dramatically reduce the need for traditional batteries, positioning the company at the forefront of sustainable innovation. According to Toby Meyer, CTO of Perovskia Solar, “Our energy harvesting technology, developed over six years at Empa, allows us to deliver a ready-to-use product to power the next generation of IoT devices.”

Perovskia Solar has already received recognition and support from programs such as Venture Kick, Innosuisse and the Swiss Federal Office of Energy. The company’s focus on energy efficiency, combined with its scalable technology, has put it in a strong position to lead the next wave of innovation in the IoT space.

In the company’s press release, CEO Anand Verma commented: “This funding allows us to continue building on our vision of integrating solar cells into every device, enabling businesses to launch breakthrough products with a superior user experience.”