LuxWall, a pioneer in energy-efficient glass solutions, secured $51 million in Series B funding to expand production and further its mission of reducing carbon emissions in buildings.
Information on the Target
LuxWall, based in Ypsilanti, Michigan, specializes in glass-based transparent insulation solutions designed to reduce energy consumption and carbon emissions in buildings. The company has developed patented technology for Vacuum Insulating Glass (VIG) that provides thermal insulation comparable to an opaque wall, significantly more effective than traditional double-paned glass. LuxWall's Enthermal™ product line can decrease energy loss in homes and commercial buildings by up to 45%, while offering a payback period three times quicker than standard glass.
LuxWall is not only aiming to enhance the energy efficiency of residential homes but also historic sites and various commercial buildings across North America and Europe. The company has garnered attention from high-profile investors and has achieved recognition for its innovative solutions that promise to alter how buildings are constructed and operated sustainably.
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Industry Overview in the Target’s Specific Country
The construction industry in the United States is a vast and growing sector, contributing significantly to carbon emissions, with around 40% of global greenhouse gas emissions originating from buildings. A key area of concern is energy efficiency, parti
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Disclosed details
Transaction Size: $51M