# CubicPV Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cubicpv-technologies

- Industry: Renewable Energy
- Headquarters: Bedford, US
- Website: www.cubicpv.com
- Total disclosed funding: $91M
- Latest round: Series E (Dec 17, 2019)
- Investors on record: 11

## About

CubicPV Technologies Inc. is a US-based firm specializing in the development and commercialization of advanced solar technologies, focusing on high-efficiency tandem solar cells to enhance energy generation and sustainability.CubicPV Technologies Inc. was founded in 2008 and is headquartered in Bedford, US. The company is focused on the development of advanced solar cell technologies and has completed a total of 16 deals. The most recent funding round occurred on June 13, 2023, where the company raised USD 33.00 mn led by Siam Cement Group, with participation from Hunt Energy Enterprises and North Bridge Venture Partners. The total amount raised by the company now stands at USD 33.00 mn, with a current valuation of USD 515.10 mn. Frank van Mierlo serves as both the CEO and founder of the company.CubicPV specializes in developing and commercializing advanced solar technologies, particularly high-efficiency tandem solar cells. These offerings utilize innovative materials like perovskite and silicon layers to maximize energy output while minimizing costs. The products cater to various sectors, including residential, commercial, and utility-scale energy generation, targeting energy developers, manufacturing partners, and enterprises looking to enhance sustainability. The company operates beyond the US, focusing on regions such as Europe and parts of Asia that are promoting renewable energy solutions.CubicPV generates revenue through partnerships with industrial clients, academic institutions, and energy developers to commercialize its solar technologies. The company's model revolves around B2B interactions, allowing for collaboration on integrating advanced solar cells into clients' energy solutions. Transactions typically involve long-term agreements or joint ventures, tailored to meet the needs of large-scale energy projects. The flagship products are designed to deliver enhanced energy efficiency and a reduced levelized cost of energy (LCOE).In June 2023, CubicPV Technologies Inc. raised USD 33.00 mn in venture funding to expedite its growth strategy. The company plans to launch new advanced solar products, although specific release dates have not been disclosed. Furthermore, CubicPV is targeting geographical expansion into new markets, particularly in Europe and Asia, to leverage increasing adoption of solar technologies in response to climate initiatives. The recent funding will support these initiatives, enhancing the company’s capability to develop and market its technologies effectively.

## Funding rounds

- Series E, Dec 17, 2019, $18M — Breakthrough Energy Ventures
- Series C, May 5, 2016, $10M — Hanwha Investment & Securities
- Series C, Mar 9, 2015, $2M — Haiyin Capital
- Series C, Sep 30, 2013, $15M — VantagePoint Capital, North Bridge Venture Partners, Polaris Partners, VM Capital, Energy Technology Ventures, Tokuyama Corporation
- Series B, Jan 14, 2011, $2.4M — VantagePoint Capital, North Bridge Venture Partners, Polaris Partners, VM Capital, GE Energy Financial Services
- Series B, Dec 15, 2010, $6M — North Bridge Venture Partners, Polaris Partners, VM Capital
- Series B, Oct 15, 2010, $20M — North Bridge Venture Partners, Polaris Partners, VM Capital, Hanwha Solutions Chemical Division
- Series A, Jan 22, 2010, $5.2M — North Bridge Venture Partners, Polaris Partners
- Series A, Jan 4, 2008, $12M — North Bridge Venture Partners, Polaris Partners

## Investors

- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B, Series C
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series A, Series B, Series C
- VM Capital (https://capitalatlas.ai/funds/vm-capital) — Series B, Series C
- Hanwha Solutions Chemical Division — Series B
- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series B, Series C
- GE Energy Financial Services (https://capitalatlas.ai/funds/ge-energy-financial-services) — Series B
- Energy Technology Ventures (https://capitalatlas.ai/funds/energy-technology-ventures) — Series C
- Tokuyama Corporation — Series C
- Haiyin Capital (https://capitalatlas.ai/funds/haiyin-capital) — Series C
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series C
- Breakthrough Energy Ventures (https://capitalatlas.ai/funds/breakthrough-energy-ventures) — Series E