Top Perovskite startups
There are 38 Perovskite startups which include Swift Solar, Tandem PV, Oxford Photovoltaics, Avaada Electro, Active Surfaces. Out of these, 31 startups are funded, with 18 having secured Series A+ funding. United States has the most number of companies in Perovskite (11), followed by China
(6), and then India (4).
2026 has seen the creation of 1 Perovskite startup. Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Massachusetts Institute of Technology, Stanford University and Carnegie Mellon University.
Here is the list of top Perovskite Startups
1. Swift Solar
Provider of flexible perovskite solar cells. It uses hybrid organic-inorganic lead or tin halide-based material as the light-harvesting active layer. Its features include outdoor self-charging, high-performance flexible products, integration with building materials, and suitable power-to-weight ratios.
Key facts about Swift Solar
- Founded Year: 2017
- Location: Golden (United States)
- Stage: Series A
- Total Funding till date: $42.4M
- Investors: Eni Next, Good Growth Capital and 20 Others
- Latest Funding Round: Grant (prize money), Oct 30, 2025, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 4 of 199 Competitors
2. Tandem PV
Developer of a perovskite-based solar cell. Its solar cell can turn more spectrum to the electricity in comparison to the conventional solar cell.
Key facts about Tandem PV
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $64.4M
- Investors: Planetary Technologies, Incite and 13 Others
- Latest Funding Round: Grant (prize money), Aug 25, 2026, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 5 of 245 Competitors
Manufacturer of tandem solar cells combining perovskite and silicon layers. These components utilize thin film coatings applied to conventional silicon bases to capture broader light spectrums. The technology increases energy conversion efficiency compared to standard single-junction solar products. These cells integrate into existing module production processes for use in utility, building, and transportation applications.
Key facts about Oxford Photovoltaics
- Founded Year: 2010
- Location: Oxford (United Kingdom)
- Stage: Series D
- Total Funding till date: $239M
- Investors: Legal & General Capital, MTI Partners and 14 Others
- Latest Funding Round: Series D, Jul 03, 2019, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 7 of 445 Competitors
Manufacturer of high-efficiency solar cells and modules for utility, commercial, and residential applications. They offer a range of products designed for maximum efficiency and reliability, including TOPCon and bifacial technologies. The company supports partners in delivering clean energy solutions across various sectors. Their manufacturing process emphasizes quality control and next-generation solar technology.
Key facts about Avaada Electro
- Founded Year: 2011
- Location: Mumbai (India)
- Stage: Unfunded
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 12 of 476 Competitors
Developer of ultra-thin, lightweight, flexible, low-cost solar cells. The company focuses on enabling any surface to generate solar energy. It utilizes novel manufacturing techniques and commodity materials to build solar cells for both established and emerging markets. The company aims to provide solutions for integrating solar technology into various applications, including roofing, canopies, vehicles, and electronics.
Key facts about Active Surfaces
- Founded Year: 2022
- Location: Cambridge (United States)
- Stage: Seed
- Total Funding till date: $10.5M
- Investors: Safar Partners, QVT Family Office and 8 Others
- Latest Funding Round: Seed, May 30, 2025, $*****
- Tracxn Score: 56/100 What is this?
- Competitors Rank: 15 of 381 Competitors
