Monday, August 14, 2023

Caelux Lands $12M For Solar Technology

Pasadena-based Caelux, a developer of solar power technology using a nanomaterial called perovskites, said on Monday that it has raised $12M in a Series A3 funding round. The funding was led by Temasek, and included Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures. The startup says the new funding brings its Series A funding round to $24M. Caelux said the new funding goes to support factory ramp, research and development, and product launch. The company says it is building a manufacturing facility in Baldwin Park.