Active Surfaces, an MIT spinout specializing in flexible solar panels, has raised $5.6 million in an oversubscribed pre-seed funding round led by Safar Partners.
The round saw participation from diverse investors including QVT, Lendlease, Type One Ventures, Umami Capital, and Sabanci Climate Ventures, among others. Active Surfaces is innovating lightweight, flexible solar technology that integrates into various environments, offering a versatile alternative to traditional solar panels.
The funding will accelerate R&D, scale production, and market entry. The company’s advanced roll-to-roll semiconductor printing aims to mass-produce thin, flexible solar materials, enhancing efficiency and reducing costs.
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Notable team members include Jeremiah Mwaura, an expert in roll-to-roll manufacturing, alongside scientists from prestigious institutions such as Stanford and MIT. Active Surfaces is also supported by climate tech incubators like Third Derivative and Greentown Labs. Co-founder Shiv Bhakta was featured in Forbes 30 Under 30 in Energy, and advisor Moungi Bawendi, a Nobel laureate, underscores the company’s strong scientific backing.
Tommaso Boralevi of Lendlease praised the company’s role in sustainable urbanization. CTO Richard Swartwout emphasized the transformative potential of their solar technologies.
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