Tandem PV secures financing to build a pilot manufacturing facility
Tandem PV, a California-based photovoltaic technology company specializing in ultra-high-efficiency tandem metal-halide perovskite solar panels, has announced closing the initial $6 million of its $12 million Series A financing round. Tandem PV will use the funds to build a pilot manufacturing facility in San Jose, California.
The round was led by Bioeconomy Capital, an early-stage venture capital firm, through its new Planetary Technologies fund, with participation from an international solar manufacturer and a U.S. utility company.