# AmberWave

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amberwave

- Industry: Semiconductors
- Headquarters: Salem, US
- Website: www.amberwave.com
- Total disclosed funding: $71M
- Latest round: Series E (Jun 23, 2006)
- Investors on record: 6

## About

AmberWave Inc. focuses on the development and manufacturing of innovative Ultra-Thin Silicon (UTSi) solar technologies, providing efficient and lightweight solar solutions for various commercial applications.AmberWave Inc. was founded in 1994 in Salem, US. The company specializes in solar technology, particularly Ultra-Thin Silicon (UTSi) solar cells and modules. The firm's CEO is Anthony Lochtefeld. The company has successfully raised a total of USD 0.500 mn through multiple funding rounds, with the most recent financing occurring in January 2012.AmberWave, Inc. specializes in the development and manufacturing of Ultra-Thin Silicon (UTSi) solar cell and module technology. This innovative product offering is characterized by its highly efficient, lightweight, and flexible nature, which significantly diverges from traditional solar technologies reliant on bulky protective materials. The UTSi technology is designed for various applications, including lightweight commercial rooftops, off-grid power solutions, building integration, vehicle integration, and aerospace uses. Targeted primarily at commercial clients facing weight limitations with existing solar panel solutions, AmberWave aims to serve a diverse range of markets, including North America and international markets, where there is a growing demand for efficient and versatile solar power solutions.AmberWave operates primarily through direct sales of its UTSi solar panel technology to commercial and industrial clients, capitalizing on a significant market opportunity estimated to exceed USD 40 billion. The company’s revenue structure is built around B2B transactions, with clients typically consisting of businesses in sectors such as construction, renewable energy, and aerospace that require energy solutions that do not compromise structural integrity. Transactions are structured as direct sales, where customers may purchase solar modules and systems tailored to their specific needs. Given the company's focus on a new generation of solar technology, flagship products would include their UTSi modules, which stand out due to their lightweight and flexible properties, addressing specific market demands effectively.AmberWave is actively designing new products centered on their UTSi solar technology, with plans to expand into additional commercial and industrial markets across North America and internationally by 2023. The recent funding of USD 0.500 mn raised in January 2012 will be utilized to enhance product development and support market entry strategies for their innovative solar solutions.

## Funding rounds

- Series E, Jun 23, 2006, $25M — 3i, Adams Capital Management, ARCH Venture Partners, Telesoft Partners, Hillman Company
- Series D, Jun 2, 2004, $21M — 3i, Adams Capital Management, ARCH Venture Partners, Telesoft Partners, Hillman Company
- Series B, Jan 7, 2002, $25M — Adams Capital Management, ARCH Venture Partners, Telesoft Partners, Hillman Company, The Dow Chemical Company

## Investors

- Adams Capital Management (https://capitalatlas.ai/funds/adams-capital-management) — Series B, Series D, Series E
- ARCH Venture Partners (https://capitalatlas.ai/funds/arch-venture-partners) — Series B, Series D, Series E
- Telesoft Partners (https://capitalatlas.ai/funds/telesoft-partners) — Series B, Series D, Series E
- Hillman Company — Series B, Series D, Series E
- The Dow Chemical Company — Series B
- 3i (https://capitalatlas.ai/funds/3i) — Series D, Series E