Power Roll, a developer of low-cost and lightweight flexible film for energy generation and storage, recently reported raising £3 million (around USD$4.16 million), which joins a previous raise and takes total investment in the firm to £5.8 million (over USD$8 million) over two funding rounds completed in the last six months.
Power Roll is working with a perovskite solar ink, and has already achieved 11% efficiency, with a roadmap to bring this to 20%. Power Roll also states that its substrate is compatible with any photo absorbing ink.
“The success of our latest funding round will ensure that we have sufficient capital to meet key milestones as we scale up the technology,” commented Neil Spann, CEO, Power Roll. “As well as opening our roll-to-roll pilot plant for our unique solar film this year, we are developing other applications including capacitors and sensors, and are strengthening our team to support market delivery. We expect to announce further strategic partnerships in due course.”