NxLite Secures $9.2M Series A Funding to Enhance Energy-Control Coatings Production
NxLite™, a pioneer in the energy efficiency sector, has announced a significant milestone with its recent closing of $9.2 million in Series A funding. This investment aims to enhance the production of its cutting-edge energy-control coatings designed for a variety of transparent surfaces, including traditional glass, acrylic, and polycarbonate. The funding round was led by Crabtree Lane Alt, LLC, a proactive financial investor from Chicago, and also saw participation from other notable entities in the manufacturing and venture capital sectors, including Earth Foundry, MUUS, New Climate Ventures, and ACT Venture Partners from the Netherlands.
The primary aim of this funding is to scale the company's production capabilities to meet the surging demand for their innovative products. NxLite's unique air-stable low-emissivity coatings are game-changers in the construction and manufacturing sectors, providing unprecedented design flexibility and retrofitting options. These coatings offer a streamlined application process for both single-pane and multi-pane window installations, making it easier for builders and manufacturers to enhance energy efficiency in new and existing structures.
In particular, NxLite's coatings are engineered to address significant issues in residential and commercial applications by dramatically reducing heating and cooling costs. The coatings are also invaluable in refrigeration display doors, which can enhance efficiency while minimizing wastage. Moreover, they serve as effective window inserts, allowing outdated buildings to be retrofitted to meet modern standards of energy efficiency.
The company is also focused on the transportation sector, providing lightweight solutions that can lead to improved fuel efficiency and better climate control within vehicles, ultimately leading to cost savings for both manufacturers and end-users.
David Mather, Chairman and CEO of NxLite, expressed his enthusiasm regarding this funding, stating, "With strategic partnerships in place, global customers, and unique offerings, the Series A investment provides us the capital to meet the growing demand of our customers. We have the chance to redefine energy efficiency and operating costs in every transparent application."
The market potential for NxLite’s technologies is vast, especially considering that the U.S. Department of Energy estimates that up to 30% of energy used for heating and cooling in buildings can be lost through windows. With global energy consumption being a pressing concern, solutions like NxLite's coatings present an immediate opportunity for environmental improvements and economic benefits.
NxLite aims to address these energy loss issues head-on by partnering with key players in various industries, including window manufacturing, transportation, and food & beverage sectors. The existing joint development agreements and purchase orders highlight the growing interest and confidence in NxLite's technology, which has garnered attention from prominent companies such as DALB Inc., known for their decorative and functional plastics.
In conclusion, NxLite stands at the forefront of a pivotal movement towards energy-efficient building solutions with their innovative coatings, setting a pathway to reduce energy consumption globally while opening up new avenues for sustainable practices in construction and manufacturing. Their continued advancements and collaborations are poised to make a significant impact in redefining modern standards of energy efficiency in transparent applications.
For more information about NxLite and its innovative technologies, visit www.nxlite.com.
The primary aim of this funding is to scale the company's production capabilities to meet the surging demand for their innovative products. NxLite's unique air-stable low-emissivity coatings are game-changers in the construction and manufacturing sectors, providing unprecedented design flexibility and retrofitting options. These coatings offer a streamlined application process for both single-pane and multi-pane window installations, making it easier for builders and manufacturers to enhance energy efficiency in new and existing structures.
In particular, NxLite's coatings are engineered to address significant issues in residential and commercial applications by dramatically reducing heating and cooling costs. The coatings are also invaluable in refrigeration display doors, which can enhance efficiency while minimizing wastage. Moreover, they serve as effective window inserts, allowing outdated buildings to be retrofitted to meet modern standards of energy efficiency.
The company is also focused on the transportation sector, providing lightweight solutions that can lead to improved fuel efficiency and better climate control within vehicles, ultimately leading to cost savings for both manufacturers and end-users.
David Mather, Chairman and CEO of NxLite, expressed his enthusiasm regarding this funding, stating, "With strategic partnerships in place, global customers, and unique offerings, the Series A investment provides us the capital to meet the growing demand of our customers. We have the chance to redefine energy efficiency and operating costs in every transparent application."
The market potential for NxLite’s technologies is vast, especially considering that the U.S. Department of Energy estimates that up to 30% of energy used for heating and cooling in buildings can be lost through windows. With global energy consumption being a pressing concern, solutions like NxLite's coatings present an immediate opportunity for environmental improvements and economic benefits.
NxLite aims to address these energy loss issues head-on by partnering with key players in various industries, including window manufacturing, transportation, and food & beverage sectors. The existing joint development agreements and purchase orders highlight the growing interest and confidence in NxLite's technology, which has garnered attention from prominent companies such as DALB Inc., known for their decorative and functional plastics.
In conclusion, NxLite stands at the forefront of a pivotal movement towards energy-efficient building solutions with their innovative coatings, setting a pathway to reduce energy consumption globally while opening up new avenues for sustainable practices in construction and manufacturing. Their continued advancements and collaborations are poised to make a significant impact in redefining modern standards of energy efficiency in transparent applications.
For more information about NxLite and its innovative technologies, visit www.nxlite.com.
Topics Energy）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.