Agricultural start-ups attracted $5 billion in venture funding last year across more than 400 deals, according to a recent study from Finistere Ventures and Pitchbook, including Indigo Ag's leading rounds. The pandemic has increased interest in new food and farming solutions. Indigo Ag also moved into the crop sales market a few years ago through Indigo Marketplace, connecting grain growers with buyers willing to pay for premium crops. It uses satellite imagery to monitor fields, soil conditions and the weather from space, and data analytics to interpret that "living map of the world's food system," as the company calls it. RT PowerRollPV: It’s difficult to imagine an energy future that isn’t dominated by innovative solar technologies, with the backbone provided by rooftop systems, and this new British solar film could be a big step in that direction. I7V Renewables is establishing a strong presence within the Renewables sector through a mixture of acquisition and organic growth, particularly in wind and solar. In the U.S., agriculture is the fifth-largest source of carbon emissions among economic sectors, representing 10% of greenhouse gases from industry (though that include livestock operations). Contact: David Duguid, Operations Director Address: I7V House, Straloch, Newmachar AB21 0RW Email: Countries worked in: United Kingdom. “Power Roll’s core microgroove technology has a number of other applications beyond solar, and as a result, they have created a platform product with potentially multiple uses, which is very appealing to us as an investor.The company has pushed further into climate technology and greenhouse gas emissions reduction, raising 2020's largest agtech venture money, over $500 million, including a big round to help farmers capture carbon and sell carbon credits. “Power Roll’s technology has the capacity to change the outlook of solar installation the world over, not only by a dramatic reduction in cost, but also because it opens up the use of a huge variety of sites and buildings that would not be suited to traditional solar installations,” said Doug Duguid, Chief Executive of i7v. Investors in the two recent funding rounds include Indigo 7 Ventures (i7v), Kero Development Partners and RAB Capital, as well as the conversion to equity of a £1.25 million loan from the UK government’s Future Fund scheme. ![]() The company has developed a roll-to-roll solution to produce the solar film, and promises production costs as low as $0.03 per watt. Potentially, they could create a device that is a solar cell on one side, with combined energy storage on the rear. ![]() Power Roll also states that its substrate is compatible with any photo absorbing ink.Īnd beyond solar, Power Roll also states that applying different material coatings to its microgroove film could also create both energy storage devices and capacitors. ![]() The pair have created a multi-million pound fund which will invest upwards of six figure sums in a small stable of innovative companies working in the renewables sector. Equity investors in the round include Indigo 7 Ventures (i7v. Power Roll is currently working with a perovskite solar ink, and has already achieved 11% efficiency, with a roadmap to bring this to 20%. Doug Duguid and Michael Buchan have formed Indigo 7 Ventures (I7V) which will have a focus on start-up businesses specialising in environmental sustainability and energy transition. Power Roll, a developer of a game-changing, ultra-low-cost and lightweight flexible film for energy generation and storage, confirmed today that it has raised a further £3m, which takes total investment in the firm to £5.8m over two funding rounds completed in the last six months. It uses a flexible polymer substrate, embossed with what it calls “microgrooves smaller than a human hair,” onto which it deposits an active solar cell material via a technique developed in house. The company has developed a unique thin-film technology, which promises to offer combined solar and storage in a single device. “As well as opening our roll-to-roll pilot plant for our unique solar film this year, we are developing other applications including capacitors and sensors, and are strengthening our team to support market delivery.” “The success of our latest funding round will ensure that we have sufficient capital to meet key milestones as we scale up the technology,” said Power Roll CEO Neil Spann. Power Roll, a technology startup based in the north of the UK, this week announced that it has raised £5.8 million (US$8 million) from various investors over the past six months, and expects to begin pilot production of its flexible thin-film PV technology later this year. ![]()
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