Doha-based venture capital firm quantumEDGE Ventures has participated in a $5 million seed funding round for RadianX, a solar technology startup developing next-generation perovskite panels capable of powering electronic devices using indoor and outdoor light. The round was led by SOSV and Twynam, with an additional $4 million in non-dilutive investment committed to support manufacturing.
quantumEDGE Ventures, a Qatar-based deeptech and climate technology venture capital firm, has invested in RadianX, a startup developing perovskite solar technology designed to extend the battery life of electronic devices and potentially eliminate the need for regular charging.
RadianX raised $5 million in seed funding in a round co-led by SOSV and Twynam. Other participating investors included One Small Planet, Sachsen Ventures, Avila VC, California Innovation Fund, Riceberg Ventures and Alumni Ventures, alongside quantumEDGE.
The company also secured a $4 million non-dilutive manufacturing commitment from Pacific Union Technology Precision Manufacturing to establish a dedicated production line.
Founded by CEO Vivian Qu and COO Josh Douglas, RadianX is developing solar panels using perovskite materials that can capture energy from both natural and artificial light.
According to the company, its technology performs comparably to conventional solar panels outdoors while achieving approximately twice the efficiency under indoor lighting conditions.
RadianX has also developed a 1.2-meter by 0.6-meter solar panel with a reported conversion efficiency of 22.33%. Its panels can be manufactured as thin as 0.7 millimeters, making them suitable for integration into smaller electronic devices.
The startup is targeting applications including e-readers, wearable technology, industrial sensors and Internet of Things (IoT) devices, where reducing battery replacements and charging requirements could lower maintenance costs.
Rather than selling solar panels alone, RadianX plans to provide integrated power solutions combining its materials with electronics optimized for perovskite technology.
For quantumEDGE Ventures, the investment aligns with its focus on early-stage deeptech and climate technology companies operating in the water, energy and food sectors.
Founded in 2024 and based in Doha, quantumEDGE follows an operator-led investment model, supporting international B2B technology startups with market entry and commercial deployment opportunities across the MENA region.
The firm confirmed its participation in the funding round, adding RadianX to its climate technology investment activities.
Source: TechCrunch
