1366 Technologies Receives $10,000,000 New Funding

  • Feed Type
  • Date
    5/5/2016
  • Company Name
    1366 Technologies
  • Mailing Address
    6-8 Preston Court Bedford, MA 01730 USA
  • Company Description
    Solving Silicon PV’s Cost Barrier – Silicon PV wafers comprise 50% of the cost of a module and limit manufacturers’ cell efficiencies due to bulk quality and surface non-uniformities. 1366’s one-step Direct Wafer™ process solves these quality and cost barriers by providing manufacturers with a uniformly better wafer produced for a fraction of the cost.
  • Website
    http://www.1366tech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The funds will be used toward the construction of 1366’s first large-scale commercial factory, scheduled to be online in 2017.
  • M&A Terms
  • Venture Investor
    Hanwha Investment