# EneCoat Technologies Co.

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

- Industry: Renewable Energy
- Headquarters: Japan
- Website: www.enecoat.com
- Total disclosed funding: $90M
- Latest round: Series C (Feb 20, 2025)
- Investors on record: 29

## About

Based in Japan, EneCoat Technologies Co., Ltd. specializes in the research and development of perovskite solar cells, providing innovative energy solutions for diverse applications across various markets.Founded in 2018, EneCoat Technologies Co., Ltd. focuses on advancing the capabilities of perovskite solar technology. The company has successfully completed 9 deals, with the most recent funding round occurring on February 20, 2025, when it raised JPY 6.3 billion in Series C funding from investors including Aioi Nissay Dowa Insurance and Resona Capital. Takaya Kato serves as the CEO, leading the company in its mission to enhance renewable energy solutions.EneCoat Technologies is dedicated to the development and commercialization of perovskite solar cells, which have energy conversion efficiencies of up to 25.7%, effective in various lighting conditions. Their flagship product, "DOKODEMO DENGEN®," is designed for a variety of applications including residential, wearable devices, and mobility solutions. This technology is not only marketed in Japan but also aims to penetrate growing renewable energy markets in Europe and North America.EneCoat Technologies generates revenue through B2B partnerships and direct sales of its solar products. Collaborating with industrial clients such as electronics manufacturers and utility companies, they integrate their perovskite solar cells into various infrastructures. Pricing is tailored based on application scale, capitalizing on the unique properties of their "DOKODEMO DENGEN®" product to establish a market presence in sustainable energy solutions.In February 2025, EneCoat Technologies raised JPY 6.3 billion in Series C funding, aimed at accelerating the development of their perovskite solar cells and diversifying the solar supply chain. The company plans to enhance its product lineup with new offerings and expand its market reach, focusing on regions with increasing demand for renewable energy solutions. This funding will also support the integration of IoT applications into their technology, aligning with their growth strategy.

## Funding rounds

- Series C, Feb 20, 2025, $41M — Aioi Nissay Dowa Insurance, Resona Capital, Japan Investment Adviser, SG Incubate
- Series C, Nov 11, 2024 — Nippon Venture Capital, 15th Rock, MOL PLUS
- Series C, Jul 18, 2024, $35M — Mitsubishi UFJ Capital, SPARX Group, Chugoku Electric Power, Mitsubishi HC Capital, Chushin Venture Capital, Nishimatsu Construction, Kyoto University Innovation Capital, Kyoto Capital Partners, INPEX Corporation, Hakuto Co., Ltd., Woven Capital Management Company, ShinMaywa Industries
- Series B, May 23, 2022, $1.2M — Global Brain, Miraisozo Investments
- Series B, Mar 28, 2022, $13M — Mitsubishi UFJ Capital, SMBC Venture Capital, SPARX Group, SBI Investment, Hosiden Corporation, Senshu Ikeda Capital, MIRAIDOOR, Chushin Venture Capital, Kyoto University Innovation Capital, Monozukuri Ventures, Kyoto Capital Partners, JMTC Capital, F.C.C. Co., Ltd.
- Seed, May 21, 2020 — Kyoto University Innovation Capital, JMTC Capital
- Seed, Jan 7, 2019 — Kyoto University Innovation Capital

## Investors

- Kyoto University Innovation Capital (https://capitalatlas.ai/funds/kyoto-university-innovation-capital) — Seed, Series B, Series C
- JMTC Capital (https://capitalatlas.ai/funds/jmtc-capital) — Seed, Series B
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B, Series C
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series B, Series C
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- Hosiden Corporation — Series B
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Series B
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Series B
- Chushin Venture Capital (https://capitalatlas.ai/funds/chushin-venture-capital) — Series B, Series C
- Monozukuri Ventures (https://capitalatlas.ai/funds/monozukuri-ventures) — Series B
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Series B, Series C
- F.C.C. Co., Ltd. — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- Miraisozo Investments (https://capitalatlas.ai/funds/miraisozo-investments) — Series B
- Chugoku Electric Power — Series C
- Mitsubishi HC Capital — Series C
- Nishimatsu Construction — Series C
- INPEX Corporation — Series C
- Hakuto Co., Ltd. — Series C
- Woven Capital Management Company (https://capitalatlas.ai/funds/woven-capital-management-company) — Series C
- ShinMaywa Industries — Series C
- Nippon Venture Capital (https://capitalatlas.ai/funds/nippon-venture-capital) — Series C
- 15th Rock (https://capitalatlas.ai/funds/15th-rock) — Series C
- MOL PLUS — Series C
- Aioi Nissay Dowa Insurance — Series C
- Resona Capital (https://capitalatlas.ai/funds/resona-capital) — Series C
- Japan Investment Adviser (https://capitalatlas.ai/funds/japan-investment-adviser) — Series C
- SG Incubate (https://capitalatlas.ai/funds/sg-incubate) — Series C