Perovskia Solar Secures Major IoT Clients and $2.4 Million Funding for Breakthrough Perovskite Solar Cells

Perovskia Solar secures $2.4 million in funding and launches revolutionary perovskite solar cells for IoT devices. Learn how this Swiss startup is powering the next generation of electronics.

Perovskia Solar AG, an award-winning Swiss startup, has secured more than 10 major Internet-of-Things (IoT) industry leaders as clients and raised $2.4 million in funding from a global coalition of angel investors and early-stage funds. This Empa (Swiss Federal Laboratories for Materials Science and Technology) spin-off has launched the world’s first ready-to-adopt perovskite solar cells for edge devices like smartwatches, keyboards, and other IoT products, combining sleek aesthetics with highly efficient energy harvesting at low costs.

Disruptive Solar Technology for IoT Devices

"Energy harvesting for IoT devices is a rapidly growing market with a potential worth billions of dollars," said Anand Verma, founder and CEO of Perovskia Solar. "Our easy-to-integrate designer solar cells either eliminate the need for batteries or significantly extend their lifespan, opening the door to solar-powered devices."

Traditional silicon solar cells are costly and complex to produce on a custom basis, especially for indoor applications. They also struggle in low-light environments. Perovskia Solar’s innovative perovskite solar cells, however, can be printed in any size at a fraction of the cost while maintaining high efficiency, even in low-light conditions such as indoor environments. This breakthrough makes it possible to power a wide range of consumer electronics and industrial IoT devices.

Empowering the Next Generation of Devices

“Our energy harvesting technology was developed over several years at Empa, enabling us to launch a market-ready product that powers next-generation devices for both industrial and residential use,” said Tobias Meyer, Founder and Chief Technology Officer of Perovskia Solar.

Perovskite materials are known for their ability to efficiently absorb light and conduct electricity. However, previous versions of perovskite solar cells were unstable and lacked durability for widespread use. Verma spent five years researching innovative printing processes for perovskite solar cells, leading to the foundation of Perovskia Solar in 2020.

International Backing and Expansion

Perovskia Solar's revolutionary technology has attracted support from a range of investors, including Kickfund from Venture Kick and venture capital firm D&FG Elements. A global coalition of business angels, led by Nils Hagander and Beda Rohner, has also backed the startup. Hagander praised the company's vision, stating, "Perovskia is ideally positioned to drive the next generation of IoT devices for consumers and industry."

To meet growing demand, Perovskia Solar has established a factory in Aubonne, Switzerland, which will produce one million perovskite elements annually.