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Enterprise Applications Series C Founded 2003

Infinite Uptime

Brite Solar is a developer and manufacturer of agrivoltaic solar glass products that enable dual-use of agricultural land for both crop production and renewable energy generation. The company's patented semi-transparent Agri-PV solar panels feature a nanocoating that converts UV radiation into red light spectrum to support photosynthesis while generating clean energy, with customizable transparency levels ranging…

📍 Alpharetta, United States · Manufacturing Tech,

Funding snapshot

Last roundSeries C
Amount$1M
Date26 July 2022
Total raised$4M
Valuation7,961,689 (Aug 5, 2022)
Team size32

About

Brite Solar is a developer and manufacturer of agrivoltaic solar glass products that enable dual-use of agricultural land for both crop production and renewable energy generation. The company's patented semi-transparent Agri-PV solar panels feature a nanocoating that converts UV radiation into red light spectrum to support photosynthesis while generating clean energy, with customizable transparency levels ranging from 30% to 80% to suit specific crops, climates, and farmer requirements. The panels have a design life exceeding 25 years and are available with integrated Battery Energy Storage Systems (BESS) to complete the energy cycle from generation to storage. Field trials have demonstrated up to 40-50% lower water consumption and improved crop quality during summer months, frost protection during winter, and a peer-reviewed study published in the Journal of Agriculture and Food Research confirmed a 65% increase in raspberry yield alongside 40% reduction in water usage. Brite Solar manufactures its products in Patras, Greece, and has deployed agrivoltaic projects in more than 15 countries across greenhouses, vineyards, orchards, berry farms, and vegetable crops, with installations in Greece, the United States, and Slovenia. Founded in 2009 and headquartered in Thessaloniki, Greece, Brite Solar has raised $9.4 million in Series A funding from investors including the European Innovation Council Fund, New Energy Partners, Deep Capital Group, and Startupbootcamp.

Business model

Big Data Analytics > Industry Solutions > Heavy Industries > Multi Industry > Predictive,

Manufacturing Tech > Process Control > Analytics > Production Analysis > IoT-Based

Team background

College Wise > IIT Bombay

Institutional investors

Ventureast TDK Ventures Tiger Global Management Mayfield GSR Ventures THK IIML Alteria Capital Trifecta Capital Infrastructure Leasing & Financial Services Global IoT Technology Ventures Dorm Room Fund Avataar Ventures StepStone Group LGVP

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