# Lumincent Solar Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumincent-solar-power

- Industry: Energy Storage & Batteries
- Headquarters: Tel Aviv, Israel
- Website: www.luminescentpower.com
- Total disclosed funding: $7M
- Latest round: Seed (Dec 15, 2022)
- Investors on record: 2

## About

Based in Tel Aviv, Israel, and founded in 2020 by Doron Tamir (CEO), and Carmel Rotschild (CTO), Lumincent Solar Power Ltd. also known as Luminescent operates as a renewable energy semiconductor manufacturing company that develops sustainable heat engines for the waste heat and solar markets. In December 2022, Lumincent Solar Power Ltd. raised USD 7 million in seed funding led by Grove Ventures, with participation from Extantia.

Lumincent Solar Power Ltd. is creating a liquid-based isothermal engine capable of capturing, reusing, and storing waste heat. The company provides heat-engine solutions, such as Organic Rankine Cycle (ORC), which require the energy and cost efficiency that the majority of the market (smaller power generators) require. Furthermore, the company's engine specializes in converting any small gas turbine into a combined cycle sustainability driver capable of generating solar electricity 24 hours a day, seven days a week.

The company plans to use the December 2022 funding to scale its heat engine business and meet market demands.

## Funding rounds

- Seed, Dec 15, 2022, $7M — Grove, Extantia

## Investors

- Grove (https://capitalatlas.ai/funds/grove) — Seed
- Extantia (https://capitalatlas.ai/funds/extantia) — Seed