Chennai: 1366 Technologies, Inc and Hunt Perovskite Technologies, LLC, both solar industry companies, announced that they have merged their businesses.

The merger combines two technologies – 1366’s Direct Wafer process and HPT’s printed perovskite solar photovoltaic (PV) technology. The newly combined company, called CubicPV, will also receive $25 million in funding from Hunt Energy Enterprises, LLC, First Solar, Inc., Breakthrough Energy Ventures and others. HEE will join the board of directors.