C3Nano raised $6.7 million to commercialize carbon-hybrid-based ITO alternative

C3Nano announced that it has raised $6.7 million in Series-B financing led by Phoenix Venture Partners. C3Nano is developing carbon-hybrid-based ink and film and this financing round should enable the company to complete its ink project and scale to production.

C3Nano's ink can be used as a low-cost alternative for ITO in flexible OLEDs, solar cells and other applications. The company claims that their material is solution-coated and printable and is more durable, flexible and transparent than ITO.

Posted: Mar 02,2012 by Ron Mertens