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 Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..