Halio Raises $100 Million for Smart Glass

<p><strong>HAYWARD<&sol;strong> &&num;8212&semi; <b>Halio<&sol;b>&comma; builder of smart windows&comma; says it has raised &dollar;100 million in financing led by inside investors SK and Capricorn Investment Group&period; SK is Korea’s third-largest company with more than &dollar;68 Billion in annual revenue&period;<&sol;p>&NewLine;<p class&equals;"bwmarginl1">Halio develops and commercializes breakthrough advances in electrochromic technology that maximize natural light while mitigating solar heat and glare&period; The <b>Halio Solution<&sol;b> includes the industry’s most advanced smart glass and a cloud-based AI control system&period; This system has been gaining design wins and winning the hearts of architects who recognize its ability to fulfill their design vision&comma; meet sustainability objectives&comma; and create an immersive daylight experience for occupants&period;<&sol;p>&NewLine;<p class&equals;"bwmarginl1">&OpenCurlyDoubleQuote;SK recognizes the benefits that Halio Smart Glass brings to our lives&comma; the planet&comma; and its synergy with our investment in ESG&comma;&&num;8221&semi; said Dong UK Choi&comma; Vice President of SK&period;<&sol;p>&NewLine;<p>Capricorn makes investments focused on specific impact areas of sustainability&comma; including clean technology&comma; health and wellness&comma; and energy efficiency&period;<&sol;p>&NewLine;<p class&equals;"bwmarginl1">&OpenCurlyDoubleQuote;Halio is the practical&comma; necessary&comma; inevitable&comma; and elegant ingredient for the building industry as it moves to net-zero and occupant wellness&comma;” said Dipender Saluja&comma; Managing Director&comma; Capricorn Investment Group&period;<&sol;p>&NewLine;<p>Funding will allow the company to increase production capability to service orders and to further advance Halio’s electrochromic technology for commercial buildings&comma; residential homes&comma; and vehicles&period;<&sol;p>&NewLine;<p class&equals;"bwmarginl1">&OpenCurlyDoubleQuote;Architects and developers have specified Halio Smart Glass into a growing backlog of designs&comma;” said Bruce Sohn&comma; Halio CEO&period; &OpenCurlyDoubleQuote;Our successful partnership with Viracon&comma; the largest architectural glass fabricator in America&comma; is already accelerating our timeline to increase production output&period;”<&sol;p>&NewLine;