Kreskado announces the launch of Perovskia with support from Venture Kick and Solaronix, targeting a solar cell on every device and co-creating precision manufacturing jobs in Switzerland.
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Perovskia co-founders and board members (right to left): Dr. Toby Meyer, Anand Verma and Sandeep Raju
Designer solar cell samples
Kreskado announces the launch of Perovskia with support from Venture Kick and Solaronix, targeting a solar cell on every device
Basel Area, Switzerland | August 2, 2021
Kreskado confirms the launch of Perovskia, a designer solar cells venture, with pre-seed funding from Venture Kick and incubation support from Solaronix. The Switzerland-based clean tech start-up specializes in digitally printed solar cells for consumer electronics and IoT devices, designing custom cells around end-use products.
Perovskia operates at the intersection of printed electronics, photovoltaics and material science, aiming to be the world’s most versatile and high-performance clean energy solution for devices, combining top-end aesthetics with best-in-class energy conversion at disruptive costs.
“The exploding market for electronic devices points to a large opportunity for clean energy solutions to complement traditional batteries,” said Anand Verma, Founder and CEO at Perovskia. “Our vision is to enable a custom-designed solar cell on every device, thereby making them energy self-sufficient. We are thrilled to be supported by Venture Kick, one of Switzerland’s most prestigious programs for entrepreneurs.”
Perovskia is the outcome of years of interdisciplinary research by the Founder-CEO at the Swiss Federal Laboratories for Materials Science and Technology (ETH Domain, www.empa.ch), funded by Swiss Federal Office of Energy. The venture is incubated with support from Solaronix, a pioneer in next-generation photovoltaics, and Kreskado, an “entrepreneurs for entrepreneurs” private venture development studio.
“As a sponsor of Anand’s research, we at Solaronix are delighted to support Perovskia, de-risking the venture with our global market connects, production capacity and a seasoned team,” said Dr. Toby Meyer, Founder and CTO at Perovskia and Chairman at Solaronix “I am excited to personally lead the lab-to-scale ramp-up of Perovskia’s patent-protected IP to build a global clean tech leader with deep roots in Switzerland.”
“Perovskia offers a robust investment case with an ambitious vision, meticulous execution, and a capital-efficient path to profitable scale,” said Sandeep Raju, Board Member at Perovskia and Chairman at Kreskado. “Building on support from Venture Kick, we plan to craft our coalition of like-minded seed investors by year-end, setting the stage for acceleration in 2022.”
As a Venture Leader Mobile 2021 participant, Perovskia recently represented the Swiss National Startup Team at the Mobile World Congress in Barcelona. The company plans to utilize funds from Venture Kick to fast-track job creation, accelerate customer acquisition and ramp up production. “Beyond financial support, we have benefited tremendously from our engagement on the Venture Kick program,” concluded Anand Verma. “The coaching and networks available to us will be invaluable as we onboard our early adopter clients and investors to launch Perovskia this year.”
See Perovskia’s profile on venturekick.ch. Watch Perovskia’s video portrait.
Kreskado is an association of entrepreneurs, investors and advisors anchored by Kreskado AG, a private venture development studio in the Basel area. With an “Entrepreneurs for Entrepreneurs” open-architecture ecosystem, Kreskado offers founders a platform to build companies from concept to scale in a multi-year partnership with a vibrant global network of early-stage investors and advisors. Contact us at hello@kreskado.com and follow us on LinkedIn.
Perovskia’s vision is to enable a solar cell on every device. The company digitally prints custom solar cells based on patent-protected technology, operating at the intersection of printed electronics, photovoltaics and material science. Perovskia’s solar cells are likely the world’s most versatile and high-performance clean energy solution for devices, combining top-end aesthetics with best-in-class energy conversion at disruptive costs. The perovskite semiconductor employed in our solar cells is known to be the best light converting material to date, allowing solar cells to operate even in low light conditions like homes & offices. See www.perovskia.solar for more information, contact us at info@perovskia.solar and follow us on LinkedIn.
The philanthropic initiative Venture Kick provides up to CHF 150,000 in seed funding to Swiss startups. In addition, it offers a well-structured entrepreneurial path towards building a winning business. Startups pitch to expert juries at three stages to obtain funding, gaining direct feedback, and access to an international network of successful entrepreneurs and investors.
Since its launch in 2007, Venture Kick has supported 765 Swiss startup projects with CHF 34.79 million. The program of financial support, training, and network has led to the creation of 592 companies. Venture Kick counts a portfolio of 450 active high-tech companies and 50 exits. The alumni companies have attracted a total of CHF 4.2 billion from leading Swiss and international investors. The supported startups have created 8,105 jobs and represent 53 companies ranked in the TOP 100 Swiss Startups 2020.
In 2021, Venture Kick will pay out CHF 5.5 million to idea-stage startup projects to bring 86 new Swiss science to global markets. More information in the Venture Kick annual report.
The Venture Kick Foundation is supported by Gebert Rüf Stiftung, Ernst Göhner Stiftung, Hauser-Stiftung, André Hoffmann, Hansjörg Wyss, Martin Haefner, Fondation Pro Techno, ESA BIC Switzerland, and Swisscom.
Find more information on venturekick.ch, with all startup projects supported by Venture Kick, and follow the success stories of our startups on Facebook, Twitter, and LinkedIn.
As a pioneer in next-generation photovoltaics, Solaronix started with the development of Dye Solar Cell technology, leading to the world's first colorful and transparent large facade on EPFL's SwissTech Convention Center in 2014. Building on this experience, the company now focuses on Perovskite Solar Cell technology, with an ambition to disrupt solar energy with the most effective renewable source of electricity. In addition, Solaronix supplies specialty chemicals and components to research centers, academic laboratories, and pioneering enterprises around the world. Contact us at info@solaronix.com and follow us on Twitter.
