Swift Solar has closed its $27 million Series A financing round, co-led by Eni Next and Fontinalis Partners.
Also joining the round are Stanford University, Good Growth Capital, BlueScopeX, HL Ventures, Toba Capital, Sid Sijbrandij, James Fickel, Adam Winkel, Fred Ehrsam, Jonathan Lin and Climate Capital.
The company says it has raised $44 million of funding in total for its perovskite tandem solar products.
“Solar is the future of energy, not just clean energy,” says Joel Jean, co-founder and CEO of Swift Solar.
“Our advanced perovskite solar cells can outperform anything currently available on the market. People may not realize that solar manufacturing today is concentrated in China and Southeast Asia. Swift Solar will bring advanced solar manufacturing back to the U.S. and strengthen our domestic renewable energy sector. This is an unprecedented opportunity to reshape the global solar industry. With this round, we’re excited to partner with world-class deeptech and strategic investors to take Swift to the next level.”
The company adds that it has attracted $16 million in federal and state grants from the U.S. Department of Energy, Department of Defense, National Science Foundation and the California Energy Commission.
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We’ve all heard the adage, “If guns are outlawed, only outlaws will have guns.”
It has a nice ring to it, but it really doesn’t hold water in the real world, where counties with strict gun laws, e.g., Japan, England, and Australia have very low rates of violent crime.
Note: these countries don’t have an NRA, a fabulously wealthy lobbying organization that controls their lawmaking apparatus.
Moreover, outside the United States, it’s very hard to find a place where a potentially mentally unstable person can go into a store and walk out with a weapon of war, capable of killing 50+ people each minute.
Actually, it wouldn’t have required a PhD in chemistry to predict what would happen to a large pool of untreated fresh water during a hot summer in our nation’s capital.
No one doubts that China is trying to take over the world; in fact, it could be argued that this has been an on-going effort for the last 6000 years.
Yet, unlike the United States, these people are patient and prefer to accomplish this task economically rather than militarily.
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