Halio (Hayward, CA) on Dec. 6 announced an additional $100 million in financing led by inside investors SK and Capricorn Investment Group.
SK is Korea’s third-largest company with more than USD 68 billion in annual revenue. Halio aligns with SK’s focus on ESG (Environmental, Social, and Governance) materials solutions. “SK recognizes the benefits that Halio Smart Glass brings to our lives, the planet, and its synergy with our investment in ESG,” said Dong UK Choi, Vice President of SK.
For its part, Capricorn makes investments focused on specific impact areas of sustainability, including clean technology, health and wellness, and energy efficiency.
Halio develops and commercializes breakthrough advances in electrochromic technology that maximize natural light while mitigating solar heat and glare. The Halio Solution includes the firm's advanced smart glass and a cloud-based AI control system.
The company says its system has been gaining design wins with influential architects who recognize its ability to fulfill their design vision, meet sustainability objectives, and create an immersive daylight experience for occupants.
The company said the new funding infusion stands to enable increased production capability to service orders and to further advance Halio’s electrochromic technology for commercial buildings, residential homes, and vehicles.
“Architects and developers have specified Halio Smart Glass into a growing backlog of designs,” said Bruce Sohn, Halio CEO. “Our successful partnership with Viracon, the largest architectural glass fabricator in America, is already accelerating our timeline to increase production output.”
Halio says its Smart Glass is specified by leading architects and co-branded by industry partners such as Viracon and Marvin. The company says its "Halio smart glass sets the standard demanded by discerning architects and builders worldwide by delivering the highest clarity, fastest switching speed, and smoothest transitions, powered by the most sophisticated and integrated control system of its kind. Thoughtful design improves sightlines by eliminating unattractive bus bars and low-quality tapes," adds a company statement.
Halio contends its technology delivers superior durability, ensured by incorporating technology proven in solar systems that must endure harsh environments for decades and reduces a building’s carbon footprint through lower energy consumption of up to 20% while improving occupants’ health, wellness, and productivity.