FTL Solar on Wednesday announced it has raised capital to make flexible solar cells for buildings that generate electricity.
The company envisions that its structures, called PowerMods, can be used as battery-charging stations, parking lot canopies, disaster relief shelters, remote medical stations, and for military bases.
The company said that Terra Firma Capital Group, the Josh Mailman Foundation, and individual investors completed the first phase of a planned $50 million funding it expects to finish by the end of the year. It was also awarded a $200,000 matching grant from the New York State Energy Research Development Authority.
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