Perovskite materials company BlueDot Photonics raises $1M in financing

June 3, 2021
BlueDot Photonics, which specializes in new applications of perovskite materials, has raised $1 million in its Series Seed financing led by VoLo Earth Ventures.

Perovskite materials developer BlueDot Photonics (Seattle, WA) has raised $1 million in its Series Seed financing; the round was led by VoLo Earth Ventures, an early-stage VC that invests in the new energy economy through innovative products and technologies.

BlueDot Photonics has brought over $1.5 million in nondilutive grants and projects to help towards its goal of creating gigaton reductions in greenhouse gas emissions through faster deployment of solar power. The companys quantum-cutting technology can lower the cost of solar power by up to 10% by improving energy yield in solar panels by up to 16%. Long-term, the company is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology. Other investors include Clean Energy Venture Group (CEVG; Boston, MA), who helped with investment syndication, and E8 (also in Seattle, WA).

As Kareem Dabbagh, Managing Partner of VoLo Earth Ventures points out, The cost of solar has come down tremendously in the past two decades, making it cheaper than or competitive with most non-renewable energy generation in the U.S. Our investment in BlueDot and their quantum-cutting technology is really exciting, as it will accelerate this downward solar cost trend by making solar even more efficient with minimal changes to the existing supply chain and manufacturing process.

Jared Silvia, CEO of BlueDot Photonics, adds that the collaboration with VoLo Earth and other investors will accelerate the company’s prototyping cycles and shorten its time to market.

Source: BlueDot Photonics press release via PR Newswire

About the Author

LFW Staff

Published since 1965, Laser Focus World—a brand and magazine for engineers, researchers, scientists, and technical professionals—provides comprehensive global coverage of optoelectronic technologies, applications, and markets. With 80,000+ qualified print subscribers in print and over a half-million annual visitors to our online content, we are the go-to source to access decision makers and stay in-the-know.

Sponsored Recommendations

Request a free Micro 3D Printed sample part

April 11, 2024
The best way to understand the part quality we can achieve is by seeing it first-hand. Request a free 3D printed high-precision sample part.

How to Tune Servo Systems: The Basics

April 10, 2024
Learn how to tune a servo system using frequency-based tools to meet system specifications by watching our webinar!

Motion Scan and Data Collection Methods for Electro-Optic System Testing

April 10, 2024
Learn how different scanning patterns and approaches can be used in measuring an electro-optic sensor performance, by reading our whitepaper here!

How Precision Motion Systems are Shaping the Future of Semiconductor Manufacturing

March 28, 2024
This article highlights the pivotal role precision motion systems play in supporting the latest semiconductor manufacturing trends.

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!