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Alta Devices

Energy · Sunnyvale, United States · Founded 2007

Alta Devices delivers the world’s most efficient solar mobile power technology Alta Devices MoreLess

Alta Devices was established in 2007 as a specialized manufacturer of gallium arsenide (GaAs) photovoltaic technology. The company was co-founded by two distinguished figures in the fields of physics and materials science: Eli Yablonovitch, a professor at the University of California, Berkeley, and Harry Atwater, a professor at the California Institute of Technology. Their collaboration stemmed from decades of research, particularly Yablonovitch's work on a technique known as epitaxial liftoff (ELO), which allows for the creation of extremely thin, high-purity layers of GaAs. This academic foundation provided the company with a distinct approach to deviating from the conventional cost-efficiency curve of the solar industry. The firm secured significant venture capital, raising over $120 million from investors such as Kleiner Perkins, August Capital, and Dow Chemical.

The core of Alta Devices' business was the production of highly efficient, thin, and flexible solar cells. The company's proprietary technology centered on gallium arsenide, a semiconductor material capable of absorbing significantly more sunlight than traditional silicon. A key manufacturing process was the ELO technique, which produces flexible GaAs layers just one micron thick, a fraction of the thickness of a human hair. This process was instrumental in creating a product with a superior power-to-weight ratio. The business model focused on supplying these advanced solar cells to markets where size, weight, and mobility are critical factors. Key client sectors included unmanned aerial vehicles (UAVs), satellites, electric vehicles, and portable consumer electronics. For instance, the technology was designed to extend the flight time of drones from a few hours to over eight by covering their wing surfaces. The company also explored applications like solar-powered automotive roofs with partners such as Audi and power sources for the Internet of Things.

Alta Devices' flagship product, the AnyLight™ power technology, was designed to convert any light source into electricity, offering the potential to extend the energy source of a system or eliminate the power cord entirely. The company consistently set world records for solar cell conversion efficiency. Its single-junction cells reached 29.1% efficiency, and its dual-junction cells achieved 31.6%, figures certified by respected institutions like Germany's Fraunhofer ISE CalLab and the U.S. National Renewable Energy Laboratory (NREL). These efficiency levels were substantially higher than other commercially available solar technologies at the time. In a significant milestone, Chinese multinational renewable energy company Hanergy Holding Group acquired Alta Devices in 2014, intending to expand the application of its technology in mobile power solutions. Following the acquisition, Alta Devices continued to operate as an independent subsidiary and even supplied its technology to NASA for testing on the International Space Station. However, the company ceased operations in 2019 after its parent company, Hanergy, faced financial difficulties, leading to a shutdown and eventual auction of its assets.

Keywords: gallium arsenide, thin-film solar, PV efficiency, mobile power technology, epitaxial liftoff, unmanned aerial vehicles, satellite solar power, flexible solar cells, Hanergy, advanced photovoltaics

Company overview

Alta Devices company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2007
Headquarters
Sunnyvale, United States
Employees
79
Open positions
None listed
Dealroom signal
38.0
business modelManufacturingsectorSolar EnergysectorBatterysectorDronessectorSustainable Development GoalssectorWearablesectorClimate TechsectorRenewable EnergysectorHard TechsectorDT and LSsectorscience-basedindustryEnergyclient focusb2ctechnologyHardware

Valuation & funding

Alta Devices funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Dec 2013 $0 Hanergy Holding Group
GROWTH EQUITY VCOther financing Mar 2011 $72M $504M Bright Capital · DAG Ventures · Crosslink Capital · August Capital
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Growth signals

Alta Devices website traffic

Latest recorded traffic for Alta Devices is 210 monthly website visits, down 90% over the last three months. Alta Devices's team declined 8.1% over the past year.

Latest monthly visits210 3-month web change-90% 1-year team growth-8.1%
Monthly website visits56 observations · Apr 2016–Dec 2025
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Comparisons

Alta Devices compared with similar companies

Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.

CompanyHeadquartersStatusEmployeesTotal fundingValuation
Packet DigitalPacket Digital develops power management solutions for portable electronics and embedded systems Fargo, United States Operational 54 $4.5M $8.4M
Aerial PowerDrones that clean solar panels London, United Kingdom Operational
CurbEnergy monitoring system that helps to take control of the house, condo or apartment and all the energy it uses Austin, United States Operational
Metamaterial TechnologiesDelivers previously unachievable performance, across a range of applications, by inventing, designing, developing, and manufacturing scalable, sustainable, highly functional materials and intelligent surfaces Dartmouth, Canada Operational
NovaledProvides proprietary organic materials and technologies for superior OLEDs in display, lighting and high performance OSC Dresden, Germany Acquired
SolApsEnergy startup that specializes in electrical and electronics innovation, with a focus in the solar renewable industry Toledo, Spain Operational
Axiom CloudUses software and automation to transform how the world’s cooling systems are powered, operated, and maintained Oakland, United States Operational
VolterionDevelops and manufactures redox-flow battery stacks and systems for commercial bulk energy storage of renewable energy sources at lowest cost of storage Dortmund, Germany Operational
Showing 8 of the closest matchesCompare every metric →

Talent graph

Alta Devices's talent

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Team profiled 21 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

8 investors on Alta Devices's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Series B+ 7 investors entered at this stage
Other known 1 additional known investor
Hanergy Holding Group

Global footprint

Where Alta Devices has talent and traffic

Workforce by country
🇺🇸 United States · Sunnyvale HQ
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In the news

Latest news about Alta Devices

Recent press, funding announcements, and product moves mentioning Alta Devices — open to read from the original sources.

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Market sentiment

What the market is saying about Alta Devices

An AI-synthesized read of the highest-engagement posts about Alta Devices on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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