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Phytonics Has Come Up Roses As It Attracts Series A Funding Round

Mar 16, 2023over 2 years ago

Round Type

series a

HeilbronnSolarRenewable EnergyEnergyManufacturing

Investors

Karlsruhe Institute Of TechnologyEit Inno EnergyHigh Tech Gründerfonds

Description

German start-up Phytonics, has closed a Series A funding round which will help launch its PV module 'anti-reflective' coating to the market. The figure is undisclosed but said to be in the low seven figures

Company Information

Company

Phytonics

Location

Heilbronn, Baden-Württemberg, Germany

About

REVOLUTION FROM EVOLUTION Phytonics offers a broadband, omnidirectional anti-reflective coating with excellent light-trapping capabilities. Phytonics is a start-up that developed an anti-reflective coating. It is inspired by plant surfaces and improves the yield of solar modules by up to ten percent. The ambition is to make a significant contribution to the switch to renewable energies. It offers twice the additional yield for your photovoltaic modules than conventional anti-reflective coatings.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers