![Active Surfaces, an innovative flexible solar panel startup spun out from MIT, secures $5.6million in pre-seed funding. The round was led by Safar Partners, a prominent deep tech venture capital fund.](https://startuprise.io/wp-content/uploads/2024/05/MA-based-Active-Surfaces-Secures-5.6Million-in-Pre-Seed-Funding.webp)
Active Surfaces, an innovative flexible solar panel startup spun out from MIT, secures $5.6million in pre-seed funding. The round was led by Safar Partners, a prominent deep tech venture capital fund.
Additional participantsāincluding QVT, Lendlease, Type One Ventures, Umami Capital, Sabanci Climate Ventures, New Climate Ventures, SeaX Ventures, and othersāreflect a diverse support base ranging from institutional VCs to corporate backers.
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Active Surfaces is pioneering the next generation of solar technology with its lightweight, flexible solar panels that can be integrated into virtually any surface.
Unlike bulky traditional solar panels, Active Surfaces’ technologies will seamlessly blend into everyday environments, from small consumer products that can go anywhere to large commercial, office, and industrial buildings.
Tommaso Boralevi, Technology & Innovation Director Europe at the Milan Innovation District (MIND) established by Lendlease, a global construction, development, and investment company said, “Active Surfaces is pioneering a transformation in the built environment, At Lendlease, we are committed to advancing sustainable urbanization, and our investment in Active Surfaces represents a significant step towards integrating novel capabilities directly into the fabric of future developments.”
Richard Swartwout, an MIT PhD and co-founder and CTO of Active Surfaces said, “We are thrilled to see such strong support from our investors, This funding will enable us to expand our R&D efforts, scale up production, and bring our cutting-edge solar solutions to market more rapidly.”
The company has been bolstered by recent additions to its team, including Jeremiah Mwaura, a PhD in Materials/Chemistry with more than a decade of experience in advanced roll-to-roll manufacturing, as well as skilled scientists and engineers from leading institutions such as Stanford University, Rice University, University of Pittsburgh, and MIT.
About Active Surfaces
Founded by MIT researchers, Active Surfaces is a leader in developing flexible, high-efficiency solar technology designed for integration into a variety of surfaces. The company aims to disrupt the traditional energy sector by making solar power ubiquitous and seamlessly integrated into everyday materials.