Silicon PV developer 1366 Technologies closes $5.15M VC funding round

Facebook
Twitter
LinkedIn
Reddit
Email

1366 Technologies has closed venture capital funding worth $5.15 million, bringing the total amount raised by the silicon photovoltaics developer to $17.55 million. The round was led by returning investors Polaris and North Bridge Venture Partners.

The new VC funding comes on the heels of the Lexington, MA-based company’s signing of a $4 million contract with the U.S. Department of Energy’s newly established ARPA-E program.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“While we were in a strong cash position, our existing investors were impressed with our progress and the operational achievements we’ve made during the past 18 months,” said Frank van Mierlo, 1366’s president. “This round is a direct result of our ability to meet a number of critical technology milestones, our strong intellectual property position, and our standing as the only solar photovoltaics company to receive recognition from ARPA-E.”

Noting that the recently closed round will accelerate the commercialization of its self-aligned cell (SAC) and direct wafer technologies, 1366 says that it has already lined up two lead development customers and is actively selling the SAC equipment and process.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA