Ambient Photonics raises additional $30m for solar cells
Ambient Photonics has raised $30m in a Series A2 funding round, bringing the total raised to over $78m.
Ambient Photonics will use the funding to expand its manufacturing capabilities and drive mass-market adoption of its proprietary low-light energy harvesting technology. The company is aiming at battery free connected devices, such as remote controls, keyboards, mice, electronic shelf labels, and sensors. The company recently inaugurated its flagship manufacturing facility in Scotts Valley, California.
The round was led by Fine Structure Ventures, affiliated with the parent company of Fidelity Investments, and included new investors Helios Climate Ventures, Regeneration.VC, and Sustainable Future Ventures. Existing investors I Squared Capital, Ecosystem Integrity Fund, and Cthulhu Ventures also joined the raise.
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“This round demonstrates the commitment of both our long-time supporters and our new investors to our vision of sustainably powering the world’s connected devices,” said Bates Marshall, CEO of Ambient Photonics. “We’re embarking on a new growth phase with our customers to make elegant products that run reliably without ever needing a battery replacement or recharge.”
“We recognize that disposable batteries and the toxic waste they create present an urgent problem for our planet,” said Jesse Johnson, Managing Director at Partner at Helios Climate Ventures. “Ambient’s energy harvesting solution for connected devices is the kind of revolutionary technology we’ve been looking for.”
“High-power, low-cost energy harvesting is an important prerequisite for electronics in line with consumer electronic companies’ environmental targets. Ambient’s tech is poised to redefine how we power connected devices and directly reduce e-waste and the harmful effects of single use batteries,” said Dan Fishman, General Partner at Regeneration.VC.
Ambient’s technology was originally developed at the Warner Babcock Institute for Green Chemistry and funded at inception by Cthulhu Ventures, followed by Amazon’s Climate Pledge Fund and Tony Fadell’s Future Shape.
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