2030 Finance | September 9, 2019

“Solar” cell maker Exeger raises $10 million from SoftBank

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, September 9 – Stockholm-based Exeger is trying to level-up the way light is captured and converted into energy. It is making a “solar” cell that can convert any type of light, including ambient light, into energy.

Exeger’s technology uses light-sensitive dye to “collect energy much like photosynthesis in a leaf”. The material is designed to be built into everyday consumer devices, which consume as much energy every year in the U.S. as Sweden consumes in total, and cost U.S. consumers $18 billion by one estimate.

SoftBank invested $10 million to help the company ramp up for commercial launch in 2020.