# Ambilight

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

- Industry: Chemicals
- Headquarters: Shenzhen, China
- Website: www.ambilightinc.com
- Total disclosed funding: $20M
- Latest round: Series C (Nov 18, 2021)
- Investors on record: 9

## About

Based in Shenzhen, China and founded in 2017, Ambilight Inc, is a electro chromic (EC) technology developer, which has product lines ranging from automobile rearview mirror, sunroof, and side window, to façade, ski goggles, and more. In 2017, the company successfully developed the first demo of auto-dimming rearview mirror. In 2018, the company introduced three new prototypes of auto-dimming rearview mirror, EC sunroof and EC façade. In 2019, the company firstly installed architectural glass. In 2020, the company completed USD 20 million series A financing. In November 2021, the firm raised series C funding led by new investor Warburg Pincus. Other new investors Cygnus Equity and Pagoda Innovation also participated in the round.

The company work with business in architecture, automobile and consumer electronics industries to provide flexible electron chromic dynamic film for side windows, sunroof, rearview mirror, ski glasses and so on. The products have special product features such as low haze, striking contrast ratio, continuous dynamic control, low driving voltage, ultra-fast response time, power-off optical memory, long cycling stability, etc. Thin-film based technologies also enable highly productive roll-to-roll manufacturing that is able to generate large production quantity and low capital cost. Additionally, thin film-based devices can be easily cut and encapsulated into a glass with any curvatures and irregular shapes, which makes it possible to be applied in the industries with diversified designs and requirements. The company also designs and produces EC materials which can present numerous colors.

Regarding future planning, Ambilight Inc will replicate the successful experience of consumer electronics to other broad areas. Furthermore, the company will continue to develop the world's first electro chromic mass production machine, and the world's first mass production car equipped with electron chromic sunroofs, which allowing consumers to enjoy the scenery outside the window while not being troubled by glare and high temperatures, will be launched.

## Funding rounds

- Series C, Nov 18, 2021 — Warburg Pincus, Pagoda Innovation, Cygnus Equity
- Series B, Mar 19, 2021 — MPC
- Series A, Feb 17, 2020, $20M — Maison Capital
- Angel, Nov 2, 2017 — Danen Capital, Yuanzheng Investment, Befortune, Spright

## Investors

- Danen Capital (https://capitalatlas.ai/funds/danen-capital) — Angel
- Yuanzheng Investment — Angel
- Befortune — Angel
- Spright — Angel
- Maison Capital (https://capitalatlas.ai/funds/maison-capital) — Series A
- MPC — Series B
- Warburg Pincus (https://capitalatlas.ai/funds/warburg-pincus) — Series C
- Pagoda Innovation (https://capitalatlas.ai/funds/pagoda-innovation) — Series C
- Cygnus Equity (https://capitalatlas.ai/funds/cygnus-equity) — Series C