announces $27 million Series A funding round
Summary
This milestone is a major step forward for U.S. manufacturing of advanced perovskite solar technology.The round was co-led by Eni Next and Fontinalis Partners. Fontinalis Partners is a mobility and deeptech VC firm that invests in early-stage companies enabling efficient and sustainable movement of all forms. With this round, were excited to partner with world-class deeptech and strategic investors to take Swift to the next level.The solar industry is increasingly regarding perovskites as a groundbreaking PV technology. The perovskite supply chain could be based entirely in the United States and aligned countries, creating a major opportunity to expand domestic manufacturing. Founded in 2017 by a global team of leading solar technologists, the company is a spinout of MIT, Stanford University, and the National Renewable Energy Laboratory (NREL).