Insolight has successfully closed a news financing round of CHF 4.85 m to accelerate deployments’ scale.up and commercial roll-out. With this funding, the company intends to commercially deploy its solar panels for agricultural land.
Insolight is developing next-generation solar modules and has established a world record efficiency of more than 29% for a flat solar panels, as certified by IES-UPM. The company is a spin-off of EPFL (École polytechnique fédérale de Lausanne), an alumnus of Venture Kick and ESA BIC Switzerland, as well as a winner of the TOP 100 Swiss Startup Award for 4 consecutive years.
This round brings reinforcement to Insolight’s shareholding structure with lead investor Demeter, a major European venture capital player in agritech and cleantech industries, and Smart Energy Innovation Fund, the Corporate Venture Capital Fund of Energie 360°, a Zurich-based sustainable energy and mobility service provider. They were joined by the existing investors Verve Ventures and Zürcher Kantonalbank, who are continuously supporting the company’s growth.
Kellerhals Carrard assisted Insolight on this investment round. The team consisted of partner Alexandre Gachet (pictured left), senior associate Joséphine Marmy (pictured right) and Max Haas.