Utilight

Utilight is a technology company that specializes in advanced printing technology for solar cells, enhancing conversion efficiency and reducing manufacturing costs for solar panel manufacturers. Utilight, founded in 2008 and headquartered in Yavne, Israel, focuses on advanced printing technology to improve solar cell efficiency. The company's founder is Giora Dishon. Utilight has raised a total of USD 2.

9 mn, with its most recent funding round, Series B, occurring on March 7, 2016, involving I2BF, Robert Bosch Venture Capital, Shanghai Creation Investment, and Waarde Capital. Utilight's proprietary PTP™ (Precision Transfer Printing) process enhances the efficiency of solar cell conversion, allowing manufacturers to increase output while utilizing standard industry pastes. This technology is particularly relevant for solar panel manufacturers and renewable energy firms in North America, Europe, and parts of Asia, addressing the need for more efficient renewable energy solutions to combat climate change. Utilight's revenue model is based on B2B transactions with solar panel manufacturers through partnerships and direct sales of its PTP™ technology.

Revenue is generated via licensing agreements or one-time purchases, enabling clients to integrate Utilight's technology into their manufacturing processes without significant upfront capital expenditure. With the recent Series B financing of USD 2. 9 mn in March 2016, Utilight plans to enhance its product offerings and expand into new markets. The company aims to launch new product lines designed to further improve solar cell efficiency, targeting regions with increasing demand for renewable energy solutions.

The funding will support these initiatives, allowing Utilight to strengthen its position in the renewable energy market.