“This capital infusion marks a historical inflection point for SolarWindow and our nearly 15,000 shareholders. With this capital in hand and a decade of research and development behind us, we can now purchase equipment and hire personnel required for manufacturing of electricity-generating glass, a brand-new form of electrification,” said John Conklin, president and CEO of SolarWindow Technologies.
Rayat originally conceived the idea of transparent electricity-generating glass to harness the endless amounts of solar energy streaming through millions of building windows daily. A decade later, SolarWindow is the subject of more than 90 US and international patents and trademarks, numerous record-setting breakthroughs, and independent, third-party validation. His investment will drive Rayat’s early vision forward to a commercial product.
“My financial investment and confidence in SolarWindow are stronger than ever. I believe that we’re in the right place at the right time, and am proud to support the launch of one of the most exciting technology start-ups in recent memory,” Rayat said. “I envision SolarWindow changing the way we power our buildings with clean energy that not only benefits our environment but also generates greater financial returns.”