One of Canada’s most investable cleantech companies this month announced the securing of a US$5 million venture debt.
The capital hails from U.S. institution Stifel Bank and marks “a key milestone in our journey toward revolutionizing smart window technology,” according to an official statement from Miru.
Vancouver’s Miru is a developer of next-generation electrochromic windows. The windows possess the ability to tint via app or voice command.
“This partnership accelerates our mission to scale and commercialize our dynamic electrochromic window technology, a breakthrough solution driving innovation in energy efficiency, smart buildings, and mobility technology,” Miru stated.
Originally named Click Materials, Miru wants to bring its electrochromic window technology to automotive, residential, and commercial markets.
Last year, the company raised US$20M from BDC Capital and others to support the building of new pilot lines that will service the automotive and architectural markets.
“This funding furthers our ability to scale at this unprecedented pace and bring Miru technology to market,” Miru founder Curtis Berlinguette remarked in August. “Miru is poised to redefine energy efficiency and carbon removal efforts in building and automotive industries.”
Miru currently has five demonstration plants being developed or designed across North America and Europe.
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