MTPV Power Corporation, founded in 2003 and headquartered in the United States, specializes in developing semiconductor chips that have the unique ability to convert heat directly into electricity. Similar to how solar panels harness sunlight, MTPV's solutions can efficiently convert various sources of heat into electricity, offering numerous advantages over other chip-based alternatives. The company's solid-state and scalable technology not only sets it apart but also enables the generation of 100% green energy when converting waste heat into electricity. In its most recent funding round, MTPV Power Corporation secured a $16.00M Series C investment on 02 October 2018, with notable contributions from esteemed investors such as SABIC Ventures, TotalEnergies Ventures, and Lake Bridge Capital. This substantial investment signifies a strong vote of confidence in the potential of MTPV's innovative energy-converting solutions, particularly in the Energy, Renewable Energy, and Semiconductor sectors.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | $16.00M | 3 | Lake Bridge Capital | 02 Oct 2018 |
Grant | $150.00K | 1 | 08 Feb 2017 | |
Grant | $839.99K | 2 | 23 Aug 2016 | |
Grant | $300.00K | 1 | 01 Jan 2016 | |
Series B | $11.20M | 4 | SABIC, Point Financial, Inc. +1 | 15 Jul 2014 |
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