Here’s an exclusive look at the pitch deck that solar window startup Ubiquitous Energy used to raise $30 million
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- Solar technology startup, Ubiquitous Energy just announced a $30 million funding round.
- The company’s Series B, led by Andersen Corporation, took six months to raise.
- Ubiquitous Energy will use the capital from this round to build its first factory site.
Ubiquitous Energy, a solar technology startup that produces windows that convert sunlight into electricity raised a $30 million Series B, bringing its total funding to date to $70 million.
Since 2011, Ubiquitous Energy has been developing windows with a transparent glass coating that can convert solar power into energy. They also resemble traditional windows, and therefore don’t sacrifice a home or a building’s aesthetic. The company estimates that broad adoption of its technoloy could reduce carbon dioxide emissions by 10% across the world.
The startup raised funds from investors like window and door-maker Andersen Corporation, Japanese petroleum company ENEOS, and Safar Partners, a VC firm that backs companies that started at Harvard, MIT, and the University of Rochester (Ubiquitous was founded by scientists at MIT).
To CEO Susan Stone, a key aspect to raising this round was making sure that investors understood that Ubiquitous’ technology is “a building block for climate tech solutions.”
When talking to investors, “we stepped away from tactical storytelling and focused on explaining how we’ll get our product to market,” Stone said.
“Because everybody is familiar with conventional solar technology, we had to focus on how we differ. Explaining that with these transparent windows we can put solar energy into surfaces that couldn’t be done before helped get investors on board,” CTO Miles Barr said.
Ubiquitous Energy will be using the capital from its Series B round to build its first factory in the US.
Here’s a look at the pitch deck that Ubiquitous Energy used to convince investors like Andersen Corporation, ENEOS, Safar Partners and others: