SHIFT Invest has led a €3 million investment round in Kriya Materials to support the development of advanced coatings for solar energy applications and energy conservation.

Information on the Target

Kriya Materials is a pioneering company specializing in multi-functional coatings and composites, particularly for applications in solar energy generation, energy conservation, LED lighting, and agricultural greenhouses. Recently, Kriya secured €3 million in capital to advance the rollout of its innovative coatings designed specifically for solar panels and window films. These advanced coatings are engineered to enhance energy generation from solar systems and conserve energy by reducing cooling demands in buildings.

Founded in 2006 and rooted in technology derived from Philips, Kriya Materials boasts a unique capability to synthesize its own nanoparticles at mass scale, thus allowing for the development of customized coatings tailored to meet diverse end-market needs. By leveraging proprietary formulations and advanced nanotechnology, Kriya provides solutions that not only improve energy efficiency but also enhance the durability and functionality of customers' final products.

Industry Overview in the Target’s Specific Country

The market for innovative energy-efficient technologies, particularly in coatings, is experiencing rapid growth in the Netherlands. Driven by increasing energy costs, heightened environmental awareness, and governmental support for sustainable practices,