Reliance and Partners invest $12M in Caelux's Solar Tech

18 Aug 2023 CW Team

U.S. based perovskite solar cell technology company, Caelux, recently closed a $12 million series A3 funding round. This round was spearheaded by Temasek, a global investment firm, and saw participation from Reliance New Energy, Khosla Ventures, Mitsui Fudosan, and Fine Structure Ventures. With this recent influx, Caelux's total Series A funding has reached $24 million. The funds are earmarked for the establishment of a manufacturing facility in Baldwin Park, California, with the goal of producing 100 MW of perovskite-coated glass. Additionally, the investment will bolster the company's R&D efforts, particularly in advancing perovskite technology for large-scale deployment. Caelux also unveiled plans to introduce its new product, Caelux™ One, targeting 30% efficiency in commercial tandem solar modules. Scott Graybeal, Caelux's CEO, emphasised the transformative potential of their perovskite technology in the solar sector. Notably, this marks Reliance New Energy's second investment in Caelux. In September 2022, Reliance acquired a 20% stake in Caelux for $12 million, aiming to produce high-efficiency, cost-effective solar modules at its Jamnagar-based gigafactory.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..