SeaX Invests in Active Surfaces to Redefine Rooftop Solar Landscape
SeaX Ventures, a deep-tech venture capital fund known for its investments in groundbreaking technologies, has announced its investment in Active Surfaces, a company that stands at the forefront of innovation in rooftop solar technology. This investment signifies SeaX Ventures’ commitment to supporting cutting-edge technologies that have the potential to revolutionize industries.
Active Surfaces is addressing the limitations faced by silicon photovoltaic (PV) panels in rooftop solar applications. While silicon PV is effective for utility-scale solar farms, its weight and labor-intensive installation make it less suitable for rooftop settings. This gap in the market presents a unique opportunity for Active Surfaces, which specializes in developing thin-film PV technology, including advanced perovskite modules.
Active Surfaces is leveraging thin-film PV technology to create single-junction perovskite modules, aiming to achieve the lowest levelized cost of energy (LCOE) for rooftop installations. This focus is particularly tailored to the commercial and industrial (C&I) market, differentiating Active Surfaces from competitors who primarily target utility-scale solar farms.
The booming e-commerce sector, with its growing need for distribution centers and warehouses, offers a substantial opportunity for the integration of solar rooftop systems. Moreover, incentives provided by the US Inflation Reduction Act, which supports domestic solar manufacturing, further bolster the potential for rooftop solar solutions.
Dr. Kid Parchariyanon, Founder and Managing Partner of SeaX Ventures, shared his excitement about the investment: “Active Surfaces is redefining the rooftop solar technology landscape. Their commitment to developing thin-film modules for rooftop settings perfectly aligns with our mission to support disruptive and sustainable technologies. This investment promotes more environmentally friendly energy sources and contributes to reducing carbon emissions. We are thrilled to support Active Surfaces in their journey.”
“We are energized by the partnership with SeaX Ventures and the team’s expertise in scaling exponential technologies that transform societies and help countries achieve high levels of economic progress. We are thrilled to have SeaX Ventures on board, whose support enhances our capabilities to scale and innovate further, driving us towards a more sustainable future in global energy markets.” — Shiv Bhakta, Co-founder of Active Surfaces.
Other investors include Safar Partners, QVT, Lendlease, Type One Ventures, Umami Capital, Sabanci Climate Ventures, and New Climate Ventures.
About SeaX Ventures:
SeaX Ventures, also known as Southeast Asia Exponential Ventures, is a venture capital fund that invests in early-stage companies poised to disrupt industries with “exponential” technologies. Partnering with our LPs, which include some of the largest corporations in Asia, we aim to accelerate the growth of our portfolio companies.
