Sofab Inks completes $6 million seed round, targets automotive, space and IoT markets
US-based Sofab Inks, a specialty materials developer for perovskite solar, has announced the completion of its $6 million seed funding round, led by UK-based deep tech investor Cloudberry Ventures, alongside what the company describes as a manufacturing reliability breakthrough for its fullerene-free electron transport material.
Alongside the funding, Sofab says it has achieved a manufacturing reliability breakthrough, which it describes as solving "the single biggest obstacle standing between perovskite solar and mass-market adoption: reliability at scale." The company sees durability - rather than efficiency - as the remaining barrier to commercial deployment, and that the fullerene layer is where that problem originates.