LuxWall
Canvas Category OEM : Nonmetallic Mineral
Windows are the single largest source of energy loss in buildings. To ensure our planet’s survival, the energy efficiency of buildings must improve exponentially. Our technological advancements in glass will accelerate us to net zero buildings.
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LuxWall Raises $51 Million Funding to Accelerate Decarbonization of Buildings
LuxWall, a leader in glass-based transparent insulation solutions to reduce energy consumption and carbon emissions from buildings, has closed a US $51 million Series B funding round led by Climate Investment and Barclays Sustainable Impact Capital. New investors Carbon Equity and The Nature Conservancy participated in the round alongside existing investors Breakthrough Energy Ventures, Prelude Ventures, 2150, Khosla Ventures, and Baruch Future Ventures.
The recent funding allows LuxWall to scale up production at its newly opened factory in Litchfield, Michigan, which received the support from Michigan Governor Gretchen Whitmer. It will also enable the construction and expansion of a second factory in Detroit, Michigan, as well as the growth of research and development at the R&D Center in Ypsilanti, Michigan. Alongside this Series B funding, LuxWall received a $31.7 million U.S. Department of Energy Manufacturing Efficiency and Supply Chain (MESC) grant to support the Detroit facility.
LuxWall Raises $33 Million Funding To Scale Production Of Their 'Net Zero Glass'
Acting as a thermos bottle for buildings, LuxWall’s transparent insulation Net Zero Glass can cut energy consumption and carbon emissions by up to 45% and significantly reduce owner payback through energy cost savings.
LuxWall, a startup producing Net Zero Glass technology, is announcing its $33 million Series A funding round. The round is led by 2150, with participation from Khosla Ventures and current investors Breakthrough Energy Ventures (BEV) and Prelude Ventures. Following LuxWall’s $6 million seed round in 2021, this brings the total funding raised to $39 million.
The latest funding will go toward scaling the production of their Net Zero Glass technology at ‘LuxWall Factory 1’, the company’s first purpose-built commercial factory, which is a scaling extension of LuxWall’s pilot production line commissioned in 2022.
LuxWall Receives Funding Led by Breakthrough Energy Ventures and Prelude Ventures
LuxWall, Inc., a provider of vacuum insulated glass (VIG) solutions designed to significantly reduce carbon emissions in the built environment, today announced completion of a company financing. Breakthrough Energy Ventures (BEV) and Prelude Ventures led the round with participation from Baruch Future Ventures.