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Nanoleaf Secures $2.9 million from the Government of Canada

Nanoleaf Secures $2.9 million from the Government of Canada

Posted by PanamericanWorld on March 09, 2016

Toronto-based Nanoleaf, a cleantech startup that develops a smart energy-efficient lightbulb, has received $2.9 million in funding from Sustainable Development Technology Canada, the federal government’s foundation dedicated to funding cleantech startups. 

“Nanoleaf is creating truly innovative products right here in Canada, but it’s difficult to get access to the capital needed to compete globally,” said Nanoleaf CEO and Co-Founder Gimmy Chu. “Our company was founded and is headquartered in Canada, and it’s empowering that this great country is helping us on our journey. With this support from the Government of Canada, we can sustain our already impressive pace of product development and continue to make a truly positive impact for the planet and the people living on it.”

Nanoleaf will be using the SDTC funding to continue the development of its Smarter Series, a line of highly efficient, extremely intelligent lighting products. Its Apple HomeKit-enabled Smarter Kit, which allows users to control lights in their home with their voice, has already received support from Best Buy in the past while the company was still crowdfunding its product. 

The Nanoleaf Smarter Kit includes its uniquely-designed dodecahedron light bulb, which uses multiple small light sources to create a uniform output without the help of secondary optics. At the same time, its unique black PCB exterior allows the lightbulb to produce the same amount of light as a 60-watt light bulb, while only consuming 7.5 watts of energy.

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