Swift Solar secures new financing to expand its perovskite R&D

U.S -based developer of all-perovskite tandem solar cells, Swift Solar, recently announced that it secured more than $8 million in Series Seed 2 funding, with an additional $1.5 million expected to close soon. Altogether, the company has raised more than $16 million in equity financing to date.

The financing round was led by GitLab CEO Sid Sijbrandij and cryptocurrency player James Fickel. Proceeds will be used to expand R&D, develop prototypes and add staff.

The company is also supported by funding from the National Science Foundation, the U.S. Department of Energy and the Office of Naval Research.

Posted: Dec 16,2020 by Roni Peleg