ChromoGenics, a developer of electrochromic technology for smart windows – a patented plastic laminate green building technology which reduces the need for air conditioning in buildings
ChromoGenics, a developer of electrochromic technology for smart windows – a patented plastic laminate green building technology which reduces the need for air conditioning in buildings and vehicles – has announced that it has closed a second round of funding.
The funding package of USD4.5m was supported by existing investors.
The new funding will finance product development and market entry activities with ChromoGenics’ advanced materials technology.
Bengt Åkerström, chief executive of ChromoGenics, says: ‘At a time when global financial markets remain in a state of uncertainty, the decision by our investors to make substantial additional finance available to ChromoGenics is a considerable vote of confidence in our ability to translate technology innovations into the commercial provision of technology.’
ChromoGenics was founded in 2003 as a spin-off of the Ångström Laboratory of Uppsala University in Sweden.
The company has its headquarter and development centre in Uppsala.
Main investors include Volvo Technology Transfer, DuPont Ventures, Stiftelsen Industrifonden and BankInvest New Energy Solutions.
