Ascent Solar Technologies
Latest round
- Series B
Last raised
- Feb 2014
Total raised
- $10M
Investors
- 1
About Ascent Solar Technologies
Founded in 2005 in Thornton, US, Ascent Solar Technologies focuses on developing photovoltaic technologies. The company has undergone strategic shifts to cater to various sectors and is recognized for its specialized solar products. Joseph Armstrong, the founder, has been instrumental in guiding the company's direction.Ascent Solar Technologies specializes in the development and manufacturing of innovative thin-film photovoltaic (PV) panels utilizing Copper-Indium-Gallium-Selenide (CIGS) technology. Their core product offerings are lightweight and flexible solar panels that can be seamlessly integrated into various applications, including agricultural solutions through partnerships like Tube Solar AG, which assists farmers in balancing solar energy generation with traditional farming. The panels are designed for a variety of end-use cases, ranging from unmanned aerial vehicles (UAVs) like the Silent Falcon, which benefits from a significant range extension when equipped with Ascent's solar films, to applications in space technology validated through NASA tests. Ascent targets a global market that includes sectors such as aerospace, agriculture, and consumer electronics, providing a versatile solar power solution where traditional rigid panels are not practical.Ascent Solar Technologies generates revenue through direct sales of its proprietary thin-film solar panels to various clients, including governmental organizations, commercial enterprises, and agricultural entities. The company structures its transactions primarily through B2B partnerships and contracts, facilitating tailored solutions based on client specifications and project requirements. These transactions typically involve bulk orders or long-term contracts that ensure clients receive the necessary quantity and integration support for their solar energy systems. Ascent’s flagship products, characterized by their lightweight and high-performance capabilities, attract clientele that seeks efficient energy solutions in specialized fields.Ascent Solar Technologies is focusing on the development of new solar panel technologies, with plans to introduce innovative products tailored for the aerospace and agricultural markets. The company aims to expand its reach into European and Asian markets by 2025, targeting specific geographical regions that require advanced solar solutions.
Who invested in Ascent Solar Technologies
1 investor across 2 rounds
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Questions about Ascent Solar Technologies
Who invested in Ascent Solar Technologies?
Ascent Solar Technologies has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ascent Solar Technologies raised?
Ascent Solar Technologies has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Ascent Solar Technologies last raise money?
Ascent Solar Technologies's most recent round on record is a Series B, in Feb 2014.
What does Ascent Solar Technologies do?
Founded in 2005 in Thornton, US, Ascent Solar Technologies focuses on developing photovoltaic technologies.
Where is Ascent Solar Technologies headquartered?
Ascent Solar Technologies is headquartered in Thornton, US.
Which VCs invest in companies like Ascent Solar Technologies?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back renewable energy companies at Ascent Solar Technologies's stage. Their profiles are linked below.
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