BlueDot Photonics has announced that Hamamatsu Ventures USA, the North American venture group of Hamamatsu Photonics K.K. of Japan, joined its Series Seed financing. This closes its $1 Million Series Seed financing and will allow BlueDot Photonics to move faster towards its goal of reducing greenhouse gas emissions through faster deployment of solar power.
BlueDot's technology aims to lower the cost of solar power by up to 10% by improving energy yield in silicon solar panels by up to 16%. Long-term, BlueDot is committed to pushing solar panel efficiency and costs beyond the limits of current silicon technology. The lead investor for BlueDot's Series Seed financing was VoLo Earth Ventures. Other investors include Clean Energy Venture Group (CEVG) of Boston, MA, E8 of Seattle, WA, and VertueLab of Portland, OR.