About QD Solar
QD Solar is a company based in Toronto (Canada) founded in 2014 by Joel Liederman, Ted Sargent, and Sjoerd Hoogland was acquired by SunDensity in June 2024.. QD Solar has raised $7.76 million across 4 funding rounds from investors including dsm-firmenich, King Abdullah University of Science and Technology and SunDensity. QD Solar offers products and services including Perovskite Solar Photovoltaics and Quantum Dot Solar Technology. QD Solar operates in a competitive market with competitors including Exeger, First Solar, Q-Cells, Oxford Photovoltaics and Swift Solar, among others.
- Headquarter Toronto, Canada
- Founders Joel Liederman, Ted Sargent, Sjoerd Hoogland
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Sectors
TechnologyEnergy & Utilities Chemicals & Materials
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Qd Solar Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.76 M (USD)
in 4 rounds
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Latest Funding Round
$100 K (USD), Series A
Mar 23, 2022
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Investors
dsm-firmenich
& 5 more
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Employee Count
Employee Count
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Acquired by
SunDensity
(Jun 18, 2024)
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Products & Services of QD Solar
QD Solar offers a comprehensive portfolio of products and services, including Perovskite Solar Photovoltaics and Quantum Dot Solar Technology. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Develops high-efficiency solar cells using perovskite layers for better energy density.
Enhances solar radiation harvest through quantum dot integration in photovoltaics.
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Funding Insights of QD Solar
QD Solar has successfully raised a total of $7.76M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $100 thousand completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $100,000
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First Round
First Round
(23 Mar 2016)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - QD Solar | Valuation | Luminate |
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| Feb, 2021 | Amount | Grant - QD Solar | Valuation |
investors |
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| Feb, 2017 | Amount | Series A - QD Solar | Valuation | DSM |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in QD Solar
QD Solar has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include dsm-firmenich, King Abdullah University of Science and Technology and SunDensity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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AR/VR and biophotonics accelerator program is operated in Rochester.
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Founded Year | Domain | Location | |
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Venture capital firm focused on investing in clean tech sectors
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Founded Year | Domain | Location | |
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Early-stage health science technologies are developed into business ventures by TIAP.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by QD Solar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - QD Solar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Qd Solar Comparisons
Competitors of QD Solar
QD Solar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Exeger, First Solar, Q-Cells, Oxford Photovoltaics and Swift Solar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solar cells are manufactured with proprietary dye-sensitized technology.
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| domain | founded_year | HQ Location |
Provider of cadmium telluride-based flexible solar modules
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| domain | founded_year | HQ Location |
Manufactures and sells solar modules for eco-friendly power generation globally.
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| domain | founded_year | HQ Location |
Perovskite-based solar cells are provided for BIPV applications.
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| domain | founded_year | HQ Location |
Flexible perovskite solar cells are provided using hybrid halide materials.
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| domain | founded_year | HQ Location |
Quantum dots for nanotechnology-based LED displays are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Qd Solar
Frequently Asked Questions about QD Solar
When was QD Solar founded?
QD Solar was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is QD Solar located?
QD Solar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is QD Solar a funded company?
QD Solar is a funded company, having raised a total of $7.76M across 4 funding rounds to date. The company's 1st funding round was a Series A of $7.66M, raised on Mar 23, 2016.
What does QD Solar do?
QD Solar was founded in 2014 in Toronto, Canada, within the renewable energy sector. Colloidal quantum dot technology is employed to manufacture photovoltaic cells. Thin-film sheets created through this process are designed for integration into standard silicon solar panels. Energy output from these panels is enhanced by the added layer. Operations center on advancing photovoltaic efficiency for broader solar applications.
Who are the top competitors of QD Solar?
QD Solar's top competitors include First Solar, Oxford Photovoltaics and Anaphite.
What products or services does QD Solar offer?
QD Solar offers Perovskite Solar Photovoltaics and Quantum Dot Solar Technology.
Who are QD Solar's investors?
QD Solar has 6 investors. Key investors include dsm-firmenich, King Abdullah University of Science and Technology, SunDensity, Luminate, and Sustainable Development Technology Canada.
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