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With 70% of the world population predicted to live in cities by 2050, and the increasing density of urban landscape, the availability of building-embedded, non-polluting energy sources becomes critical, often reinforced by local regulations (e.g. European directive 2010/31/EU). As of today, the only zero-carbon emission, easily deployable technology in such an environment is photovoltaics. Yet, as high-rise buildings become the rule, there is very little space on roof surfaces to install standard panels.


With similar thermal, mechanical, and optical characteristics, Crosslux’s glazing can be substituted to standard glazing to turn huge façade areas into solar power plants. The electricity produced can be directly used by the building. In sunny areas, we show that the energy generated can fully meet a state-of-the-art building’s basic needs. Crosslux’s solution is unique. With complete control over the manufacturing process, we can bring at once significant energy production, unprecedented visual comfort to the building occupant, architectural design capabilities, low cost manufacturing, and very low carbon footprint. Crosslux’s technology results from 25 years and 100M€ of R&D investment, and is protected by worldwide patents and secret industrial know-how.

Market size and analysis

Building Integrated Photovoltaics (BIPV) is a readily international market, with strong growth, and forecasted at multi-billion USDs as soon as 2020 (already well above $1Bn today). It is regionally segmented, with little cross-region competition (glazing is heavy and fragile, and not easily transported), and therefore well suited for fast expansion. Crosslux focuses on zero- energy and other prestige buildings (which represent more than half the market size), a segment offering comfortable margin perspectives, with prices well above $600/m2, decreasing but slowly. The product is prescribed through real-estate developers and architects, and actually sold to the construction company in charge of the façade.


With 3.2M€ already raised since the creation of Crosslux in 2011 and another on-going round for 2M€, Crosslux will finalize a reduced-size pilot production line in the first half of 2018. This will be used in partnership with international players such as Bouygues Construction or the Mortenson group (USA) to demonstrate the capabilities of the product on actual buildings in real-life scenarios. More opportunities are being discussed in South America, South-East Asia, and China. Other large corporations have shown interest for the technology, in the construction market, but also for completely different applications.

Core Team

First Name Last Name Job Title Impressive Facts
Marc Ricci President 25 years’ experience in Production and Sales in Microelectronics
Pierre-Yves Thoulon COO 30 years’ experience in R&D and technology management (Computer hardware and software)
Hervé Rivoal CTO 35 years’ experience in Microelectronics and Photovoltaics, former technical director of NEXCIS

Ask, use of proceeds, milestones

Crosslux is now seeking 40M€ in 3Q’2018 to finance a manufacturing facility suited to the market with a capacity of 200.000m2/year, which will be operational in 2020 and run at an annual 80M€ revenue for a 50M€ EBIT. A soft commitment has already been obtained from a large French investor for 2/3 of the total amount. This first industrial phase prepares the transfer of the technology to an industrial partner that will be able to replicate the manufacturing model worldwide with larger unit throughput (up to 1M m2/year). This operation should take place in 2022, and represents a possible exit scenario for Crosslux’s early shareholders.

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