Soladigm, manufacturer of smart glass that switches from clear to tinted on demand, has announced that it has received USD 30 million in Series C funding from high-profile investors such as General El…
Soladigm, manufacturer of smart glass that switches from clear to tinted on demand, has announced that it has received USD 30 million in Series C funding from high-profile investors such as General Electric and Khosla Ventures, as well as DBL Investors, NanoDimension and Sigma Partners. The funds will be used to help the California-based company commercialize its electrochromic glass, which is used in green building projects. Soladigm is on a mission to bring high-quality Dynamic Glass to the market at affordable prices to drive widespread market adoption and reduce energy consumption in buildings while improving the wellbeing of occupants, Soladigm CEO Rao Mulpuri said in a statement. The company was among the winners of GE“s 12 Ecomagination Challenge, a USD 200 million competition for next-gen smart grid technology. Soladigm“s window technology uses electronic signals to change glass from clear to tinted which, the company says, allows for better control of heat and glare; with dynamic tint tech, HVAC energy use drops by 25% and peak load by 30% in commercial buildings. The funding received will help bring an otherwise novel environmental technology beyond the lab, allowing scale to help it achieve cost-competitiveness. According to GE, its value can be seen in applying the technology in zero energy green homes, green hospitals and smart grid programmes.