LuxWall October 2024 Series B Funding Round

LuxWall, a company developing transparent insulation technology, raised $51 million in a Series B funding round led by Climate Investment and Barclays Sustainable Impact Capital. This funding supports LuxWall’s expansion of production capabilities at a new Michigan factory and construction of a second facility in Detroit. Investors include Carbon Equity, The Nature Conservancy, Breakthrough Energy Ventures, and others. LuxWall's patented Vacuum Insulating Glass (VIG) technology, which reduces building energy loss by up to 45%, aims to significantly cut greenhouse gas emissions. A $31.7 million grant from the U.S. Department of Energy further supports this mission.