ChromoGenics SEK 16m Capital Raise | Q1 2024

About ChromoGenics 

ChromoGenics is a proptech company that produces smart dynamic glass, improving indoor environment and well-being while reducing energy consumption, operational costs, and climate impact in real estate. The product, ConverLight® dynamic glass, is based on a unique patented technology from the Ångström Laboratory in Uppsala, where electrochromic coatings are sputtered onto plastic films. The result is a dynamic foil that can be laminated into glass, providing effective sun protection in buildings and reducing environmental impact in production, transportation, and usage. The dynamic foil is easy to transport and can be applied by local partners in the glass industry, avoiding the need for long-distance shipments of bulky glass. All products from ChromoGenics prioritize environmental and health aspects, focusing on eco-friendly materials, reduced energy consumption, increased access to daylight and views, and improved indoor comfort. 

Press release 

The case 

• The global electrochromic smart window market is expected to show rapid growth: +47% p.a. CAGR 2021-2030; USD 170m 2021 to USD 5,600m 2030. Strong momentum is illustrated by US President Biden’s climate bill covering 30% of the cost for electrochromic/dynamic glass (16 August 2022) – a Game Changer for the industry.  
• Today, there is an urgent need to reduce energy usage and CO2 emissions in the European real estate sector. The real estate sector accounts for ~36% of global energy usage and ~1/3 of CO2 emissions. This creates a sizeable and growing market for ChromoGenics.  
• The future lies in climate smart and cost-effective dynamic glass. Offers controllable heat and light transmission through smart dynamic glass based on proprietary electrochromic foil laminated in glass and controlled by proprietary algorithm.  
• With a significant in-house production capacity in place, ChromoGenics is the only player with production in Europe and is now ready to enter a new growth phase and leverage on existing investments.  

Website: https://chromogenics.com/for-investors/