Woven Capital
Assembly Line
EneCoat Technologies Raises Series C Round, Totaling 5.5 Billion Yen
EneCoat Technologies, a leading developer of perovskite solar cells (“PSC”), announced a 5.5 billion yen Series C funding round led by Toyota’s growth fund, Woven Capital and joined by INPEX and Mitsubishi HC Capital. Existing investors Mirai Creation Fund III and Kyoto University Innovation Capital participated in the round, bringing the total funding raised to over 8 billion yen.
The new capital will be used to expand operations with a production facility, and continue to progress its PSC technology that can diversify solar supply chains, support a broad range of IoT devices and advance new mobility applications. Michiko Kato, partner at Woven Capital joins EneCoat’s Board of Directors.