# Swift Solar

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

- Industry: Renewable Energy
- Headquarters: San Carlos, US
- Website: www.swiftsolar.com
- Total disclosed funding: $41M
- Latest round: Series A (Dec 6, 2023)
- Investors on record: 9

## About

Based in California, US, and founded in 2017 by CEO Joel Jean, CTO Tomas Leijtens, Samuel Stranks, Maximilian Hoerantner, Giles Eperon, and Kevin Bush, Swift Solar Inc., a.k.a. Swift Solar operates as a developer of solar panel products centered around perovskite photovoltaic technology. In December 2023, Swift Solar Inc. raised USD 24.62 million in a Series A funding co-led by Eni Next and Fontinalis Partners, with participation from Stanford University, BlueScopeX, HL Ventures, Toba Capital, Good Growth Capital, and Climate Capital. The series A funding values Swift Solar Inc. at USD 88.06 million post-money.

Swift Solar provides advanced perovskite tandem photovoltaic technology, combining metal halide perovskites with silicon or other perovskites to create high-efficiency solar cells. Swift Solar uses AI and machine learning to accelerate research and development, optimize manufacturing, and streamline operations.

The company plans to use its proceeds from December 2024 funding to build their first facility as they accelerate its technological progress.

## Funding rounds

- Series A, Dec 6, 2023, $25M — Stanford University, Fontinalis Partners, Toba Capital, Good Growth Capital, Eni Next, Climate Capital, BlueScopeX, HL Ventures
- Seed, Dec 15, 2020, $8M — Good Growth Capital, Safar Partners, Climate Capital
- Seed, Nov 30, 2020, $8.2M — Safar Partners

## Investors

- Safar Partners (https://capitalatlas.ai/funds/safar-partners) — Seed
- Good Growth Capital (https://capitalatlas.ai/funds/good-growth-capital) — Seed, Series A
- Climate Capital (https://capitalatlas.ai/funds/climate-capital) — Seed, Series A
- Stanford University — Series A
- Fontinalis Partners (https://capitalatlas.ai/funds/fontinalis-partners) — Series A
- Toba Capital (https://capitalatlas.ai/funds/toba-capital) — Series A
- Eni Next (https://capitalatlas.ai/funds/eni-next) — Series A
- BlueScopeX (https://capitalatlas.ai/funds/bluescopex) — Series A
- HL Ventures — Series A