Pre-seed investment for Woburn, Massachusetts-based Active Surfaces, a flexible solar panel firm born out of MIT, totaled $5.6 million.
Investors
- Safar Partners
- QVT
- SeaX Ventures
- Lendlease
- Umami Capital
- Sabanci Climate Ventures
- New Climate Ventures
Use of funds
The business plans to utilize the money to increase manufacturing, carry out further research and development, and promote its solar solutions.
About Active Surfaces
Active Surfaces was founded by Shiv Bhakta and Richard Swartwout with the goal of creating solar technology that is flexible and highly efficient, but adaptable enough to be integrated into a wide range of surfaces. By making solar electricity widespread and incorporated into commonplace materials, it seeks to boost the energy industry. The company’s flexible, lightweight solar panel technology can be applied to almost any surface, regardless of size.
