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Ambient Photonics Raises $30M In Series A2 Funding: Propelling The Future Of Battery-Free Connected Devices

Sep 05, 2023almost 2 years ago

Amount Raised

$30 Million

Round Type

series a

Scotts ValleySustainability

Investors

Cthulhu VenturesEcosystem Integrity FundI Squared CapitalRegenerationHelios Climate VenturesFidelityFine Structure Ventures

Description

Ambient Photonics, a pioneer in low-light energy harvesting technology for connected devices, has secured $30 million in a Series A2 funding round. 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.

Company Information

Company

Ambient Photonics

Location

Scotts Valley, California, United States

About

Ambient Photonics is partnering with the world’s largest connected device manufacturers to accelerate their progress toward carbon reduction with our revolutionary clean energy solution. We have developed a first-of-its-kind low light energy harvesting photovoltaic (PV) technology that generates more than three times the power of conventional indoor PV technologies from a broader spectrum of indoor and outdoor ambient light. This chemistry breakthrough enables revolutionary advances in device design, function, performance, sustainability, reliability and consumer experience. Unlike high performance solar photovoltaic technologies of the past, these innovations are cost compatible with today’s mass scale technologies. Ambient employs a novel industrial solar printing technology to coat its proprietary chemistry on thin, durable glass substrates -- producing photovoltaic cells of virtually any size and shape. This flexibility empowers industrial designers, allowing them to embed Ambient’s cells into a variety of product shapes and structures. Ambient enhances manufacturers’ opportunities to align with consumer values that further boost sales and brand loyalty. In an era in which consumers value both cutting-edge connected technology and planet-friendly products, Ambient empowers brands to deliver both. By eliminating battery waste and harvesting energy from everyday light, Ambient’s PV cells reduce the carbon footprint of average IoT devices by an estimated 77 percent. The company’s ambient light-harvested power source also solves the ubiquitous customer pain point of battery life, delivering a maintenance-hassle-free and reliable ownership experience. Ambient is inspiring a new era in connected device form and function -- delivering superior energy density and performance through a solar cell that advances industrial design and production at scale at a price point that makes sense.

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