Semprius, Inc. has taken further steps down the photovoltaics route with the development of a new transfer printing technique for solar module production. The company’s recent completion of a Series B round of venture funding raised $6.4 million from investors including ARCH Venture Partners, Applied Ventures, Illinois Ventures, Intersouth Partners, In-Q-Tel and GVC Investment Fund.
“We’re delighted to have attracted new investors to help us grow the company, and to get such strong support from our existing investors,” said Joe Carr, President and CEO of Semprius, Inc. “Our current focus on photovoltaic products for solar modules represents an enormous market opportunity and we are well-positioned to take advantage of this growing need.”
Semprius’ technology can be applied to several markets, including ICs, solar and electronic displays. It enables the nearly any high performance semiconductor to be placed onto any target substrate, thus increasing the options available to designers of advanced electronic devices.
This recent financing round’s results will be applied to the further development of the company’s low cost, high performance solar modules for utility-scale power generation, and will enable the initial field deployment of solar modules to selected customers.