FTL Solar raises $250,000 for thin-film solar

FTL Solar, a New York-based maker of thin-film solar cells, has secured $250,000 from the New York State Energy Research and Development Authority (NYSERDA). In total, the company has received over $450,000 in funding from NYSERDA for R&D efforts.

The well-capitalized firm, which recently closed its first round of funding, develops a variety of solar modules and systems, including its proprietary solar “pavilions,” for commercial and military use.

Its devices are scalable, durable and, most important, easy to set up and use, which makes them very practical for field work. They can be used to charge anything from small villages and homes to laptops and other gadgets.

The company is en route to raising over $50 million and expects to complete a “substantial” second round of funding by the end of the fourth quarter.