Nuvosun
Dow Solar | Harnessing the Power of the Sun
About Nuvosun
Nuvosun, established in January 2008, focused on the development and manufacturing of thin-film photovoltaic (PV) cells. The company was founded by Dave Pearce, a seasoned entrepreneur in the solar industry who previously founded MiaSolé in 2001. Pearce's experience in the CIGS (Copper Indium Gallium Selenide) thin-film solar sector guided Nuvosun's mission to create lower-cost solar solutions.
The company's core business revolved around producing flexible CIGS solar cells. This technology utilizes a compound of copper, indium, gallium, and selenium to convert sunlight into electricity, allowing for the creation of ultra-thin and flexible solar cells in contrast to thicker, more rigid silicon-based cells. Nuvosun employed a proprietary manufacturing process that included a high-speed roll-to-roll sputtering technique and a two-step process for depositing the CIGS materials, which aimed to provide greater control and reduce manufacturing costs. The primary market for these cells was intended for building-integrated photovoltaics (BIPV), such as solar shingles.
Nuvosun's product, marketed as FlexsoLyt, was designed to be lightweight and flexible, making it suitable for commercial structures with load-bearing limitations, curved surfaces, or flat roofs. These PV modules featured high conversion efficiencies and integrated bypass diodes for shade protection. The company operated on a business-to-business model, supplying its advanced solar cells to larger manufacturing partners. A significant milestone in the company's history was its relationship with Dow Chemical. Dow began investing in Nuvosun in 2010 and, after several rounds of funding totaling approximately $55.9M, acquired the startup in February 2013, making Nuvosun a wholly owned subsidiary. The acquisition was a strategic move for Dow to integrate Nuvosun's CIGS technology into its own line of solar shingles.
Source: Dealroom company dataAt a glance
- Founded
- 2008
- Headquarters
- Palo Alto, United States
- Sector
- Energy
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Dow
Series B and later1 investor entered at this stage
Agility Capital
Source: Dealroom Talent Intelligence.
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