Startup · $14m raised · Climate and sustainability · Energy · Hardware · Robotics
Solar cell technology replacing silver with copper to reduce costs
South Sydney, NSW
Every investor coverage indicates participated in a round Sundrivesolar raised.
| Investor | Rounds | Invested |
|---|---|---|
| Australian Renewable Energy Agency (ARENA) | Grant · Grant | $14,000,000 |
Investors whose own portfolio pages list Sundrivesolar, even though we haven't found any coverage of the round yet.
| Investor | Listed on |
|---|---|
| Virescent Ventures | its portfolio page ↗ |
Companies Sundrivesolar acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Sundrivesolar. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
ARENA grants SunDrive $11 million to take its copper-based cell metallisation from prototype to commercial production, its second award after $3 million for earlier demonstration work.
Techboard's monthly roundup tallies October 2022 startup funding at $661m across 99 deals, listing megadeals such as Airwallex, acquisitions, Square Peg's $861m fund close and government grants to program operators.
Also @AuManufacturing
Solar startup SunDrive has produced its first full-size panels using copper-based cells, a manufacturing milestone after September's efficiency record; the piece recalls backing from Cannon-Brookes, ARENA and Blackbird Ventures.
Startup Daily reports the Atlassian co-founder and his wife have pledged a billion dollars via their family firm Grok Ventures to climate-focused startups, plus half a billion to philanthropy.
Sydney solar startup SunDrive claims a world efficiency record for a commercial-size silicon cell made with copper rather than silver, verified by a German institute; backers include Blackbird Ventures, ARENA and Mike Cannon-Brookes.
Solar cell startup SunDrive has drawn $5 million from Grok Ventures and Blackbird Ventures, adding to an earlier $3 million ARENA grant, as it scales its technology toward commercial rooftop modules.
Also RenewEconomy
Solar cell startup SunDrive Solar wins a three million dollar government grant to help manufacture its copper-based high efficiency cells commercially in Australia.
Also @AuManufacturing