Solaires Entreprises Inc

What Solaires Entreprises Inc does

Solaires Entreprises Inc. is a Victoria, BC-based cleantech company, founded in February 2020, that develops perovskite-based photovoltaic technology as an alternative to silicon solar cells. Its core technology is a perovskite Solar Ink — a liquid-based, ambient-condition photovoltaic film (ABX3 crystal structure) that can be deposited via spin-coating, blade coating, slot die, or inkjet printing onto flexible substrates. Third-party testing has validated 35% power conversion efficiency under indoor light, with management claiming roughly half the cost and twice the performance of conventional indoor PV modules, plus 50% lower greenhouse gas emissions. The product family includes Solar Ink for licensing/integration, perovskite-only Indoor PV Modules, and trademarked extensions (MorphoColor, FlexCell) targeting building integration, wearables, and tandem silicon-perovskite applications.

The company monetizes through three B2B channels: licensing its patented ink and process technology to manufacturing partners, selling Solar Ink to customers developing their own perovskite or tandem cells, and capturing a revenue share from the SEI Energy Technology joint venture with Shanghai-based Genesis Technology, which mass-produces indoor PV modules at a Jiaxing, China facility. A pilot production line in Langford, BC supports customer qualification, and SEI Energy shipped modules to its first commercial customer — a global electronic device OEM serving sensor applications — in August 2025.

Solaires serves manufacturers of battery-driven electronics and IoT devices (wireless keyboards, smart locks, electronic shelf labels, sensors), with secondary addressable segments in building-integrated photovoltaics, tandem solar cell production, and EV/wearable applications. The company holds 25+ patent applications with ~19 more planned, a foundational patent assigned from the University of Victoria, and maintains core composition as trade secrets. Operations are anchored by ~21 FTEs (Sept 2022 disclosure) plus additional executive hires, with funding above $6M from equity, non-dilutive grants (including SDTC), and accelerator support such as Halliburton Labs.

Name

Solaires Entreprises Inc

Legal name

Solaires Entreprises Inc.

Website

https://solaires.net

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Solaires Entreprises Inc. is a Victoria, BC-based cleantech company that develops perovskite Solar Ink and Indoor PV Modules, licensing the technology and producing modules through the SEI Energy JV to serve IoT and electronic device manufacturers.

Ownership category

akta.pro rank

Product category

Perovskite Photovoltaic Technology

NAICS

Electric Lighting Equipment Manufacturing (33513)

akta.pro primary industry

Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials) (EUAMAOAA)

Keywords

• Perovskite solar technology
• Indoor photovoltaic modules
• Solar ink manufacturing
• Photovoltaic technology licensing
• Flexible solar cells

Headquarters

HQ city

Victoria

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Supply Chain, Marketing or Sales

Revenue model

1. Technology Licensing: Licensing patents and manufacturing processes to partners such as SEI Energy for mass production of perovskite PV modules. Bespoke licensing arrangements required as new partnerships are formed.
2. Solar Ink Product Sales: Sale of perovskite solar ink to partner customers interested in developing perovskite solar cells or embedding it in tandem within existing silicon solar cells.
3. JV Revenue Share: Revenue from joint venture SEI Energy Technology with Genesis Technology, which manufactures and sells indoor perovskite PV modules.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Solaires develops and licenses perovskite-based Solar Ink and PV modules as a silicon replacement for solar applications. The company produces lightweight, flexible, translucent photovoltaic modules with 35% power conversion efficiency for indoor light, targeting IoT, sensors, and battery-driven devices. Manufacturing is performed via licensing to the SEI Energy joint venture with Genesis Technology, with a pilot production line in Langford, BC.

Product overview

Solaires Entreprises Inc is a cleantech company developing the next generation of solar cells by replacing silicon with perovskite through an innovative and sustainable manufacturing process. The company's core product offerings include Solar Ink (a perovskite-based ink for manufacturing solar cells) and PV Modules (lightweight, flexible, efficient, and transparent perovskite-based solar modules). The company also offers specialized Indoor PV Modules with 35% power conversion efficiency for indoor light applications, enabling self-charging of IoT devices, wireless keyboards, smart door locks, and electronic shelf labels. The technology uses spin-coating, blade coating, slot die, and inkjet application methods. Solaires operates through its joint venture SEI Energy Technology with Genesis Technologies for mass production, with pilot production facilities in Langford, BC, Canada.

Differentiator

Problem solved

Functional benefit

Brands

• Solar Ink: Perovskite-based solar ink film for use in spin-coating, blade coating, slot die and inkjet applications. Light and transparent photovoltaic film.
• MorphoColor
• Solar-Ventures
• FlexCell
• PVModule

Products and services

• Solar Ink A perovskite-based photovoltaic ink that replaces silicon in solar modules. It is a stable solution that can be applied on flexible substrates in a low-cost and sustainable process via spin-coating, blade coating, slot die, or inkjet methods, achieving 50% lower cost and 40-50% lower GHG emissions compared to silicon. Sold to partner customers developing perovskite solar cells or embedding it in tandem with existing silicon solar cells.
• PV Modules Lightweight, flexible, efficient, and transparent perovskite-based solar modules that improve energy conversion and enable innovative applications for solar energy. The modules feature 35% power conversion efficiency optimized for indoor light applications, supporting IoT devices, wireless keyboards, smart door locks, and electronic shelf labels.
• Indoor PV Modules Specialized perovskite-only photovoltaic modules designed for indoor applications. These modules enable self-charging of battery-driven devices including wireless keyboards, smart door locks, electronic shelf labels, sensors, and IoT devices, with 35% power conversion efficiency for indoor light.
• SEI Energy China Mass Production Line Mass production line operated by SEI Energy Technology (JV between Solaires and Genesis Technology) in Jiaxing, China, for large-scale manufacturing of perovskite PV modules targeted at the Asia market.

Quantifiable outcome

• 35% power conversion efficiency for indoor light (third-party tested)
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Halliburton LabscoreStrategic or Co-development Partner · 12 April 2023Selected as one of three companies to join Halliburton Labs' clean energy accelerator in April 2023. The program provides access to industrial capabilities, technical expertise, and global network connections to help scale the business toward commercialization.
• Genesis TechnologycoreStrategic or Co-development PartnerShanghai-based manufacturer that partnered with Solaires to form the SEI Energy joint venture. Genesis provides manufacturing capabilities and market reach for the Asia market, enabling mass production and distribution of perovskite PV modules.
• SEI Energy TechnologycoreStrategic or Co-development PartnerJoint venture between Solaires (Canada) and Genesis Technology (Shanghai) for manufacturing indoor perovskite PV modules. SEI Energy licenses Solaires' technology and manufactures modules for the Asia market.
• University of VictoriacoreTechnology or IntegrationLicenses perovskite solar module patents from the university. Sahar Sam developed foundational IP while completing PhD and postdoc work at UVic. The university initially filed and owned the patent before Sahar negotiated assignment.
• ventureLABsupportingStrategic or Co-development PartnerCleantech accelerator and innovation hub. Solaires participated in Tech Undivided program. ventureLAB provides IP training, support services, and access to innovation ecosystem for hardware technology companies.
• ForesightsupportingStrategic or Co-development PartnerCleantech accelerator that helped Solaires develop a patent landscape overview to understand the global market for their technology and develop a patent pathway to commercialization.
• Innovation Asset CollectivesupportingStrategic or Co-development PartnerWorks with clean tech companies to create a cleantech patent pool that acts as a defensive tool to help protect members from litigation, functioning like patent insurance.
• Alacrity CanadasupportingStrategic or Co-development PartnerVictoria-based startup support organization providing mentorship and resources for technology companies.
• VIATECsupportingStrategic or Co-development PartnerVictoria Innovation, Advanced Technology & Entrepreneurship Council supporting the local tech community. Solaires participates in events and awards through VIATEC.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• LONGi Green Energy: World's largest silicon solar manufacturer with major R&D investment in perovskite-silicon tandem cells. Relevant as a dominant incumbent that Solaires could either partner with (for tandem embedding) or compete against in the efficiency-upgrade cycle.
• First Solar: Largest US thin-film (CdTe) solar manufacturer, which acquired Caelux for perovskite tandem R&D. Relevant as a broad incumbent that is moving into perovskite and represents both a potential acquirer and a major competitor in the tandem and utility-scale segments.

Direct peers

• Oxford PV: UK/Germany-headquartered pioneer in perovskite-on-silicon tandem solar cells, considered the most advanced commercial-stage perovskite solar company. Directly comparable as a perovskite-focused PV developer targeting both tandem and building-integrated applications.
• Saule Technologies: Poland-based developer of printable perovskite solar cells targeting BIPV and IoT applications. Closely comparable to Solaires in using inkjet/printing deposition and focusing on flexible, lightweight perovskite modules for non-traditional use cases.
• Caelux (by First Solar): Acquired by First Solar, Caelux develops perovskite tandem technology to boost cadmium telluride module efficiency. Comparable as a perovskite R&D specialist being commercialized through a larger solar manufacturer relationship, similar to Solaires' SEI Energy JV model.
• Swift Solar: US-based perovskite tandem solar cell startup backed by substantial VC funding. Comparable to Solaires as a US/North American perovskite PV developer pursuing both tandem and standalone perovskite cell commercialization.

Emerging players

• Greatcell Solar: Australia-based perovskite solar cell technology developer focused on printable perovskite PV. Comparable as a perovskite IP and materials company developing similar solution-processable cell architectures.
• EneCoat Technologies: Japan-based perovskite solar cell startup focused on lightweight, flexible perovskite films. Comparable to Solaires as a perovskite cell developer targeting IoT/sensor and building-integrated applications in Asia.
• Microquanta Semiconductor: China-based perovskite solar cell developer with commercial perovskite mini-module production. Comparable as an Asia-based perovskite PV company that has progressed further on production scale, representing both a competitor and benchmark for Solaires' SEI Energy ramp.
• CUBICPV: US-based tandem solar technology developer focused on perovskite-silicon tandems. Comparable to Solaires as a perovskite R&D-focused player pursuing tandem commercialization with strategic manufacturing partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/solaires-entreprises-inc
• Xx.com/SolairesInc
• Facebookfacebook.com/SolairesInc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solaires Entreprises Inc