Traditional solar panels are rigid glass sheets with silicon inside. They require high-temperature production in furnaces, so they are usually installed on roofs and fields, which necessitates the construction of a supporting structure.
Perovskite material changes these limitations. It can be deposited from a solution at low temperatures, allowing it to be applied to a flexible sheet instead of using a rigid plate. Such a flexible panel can be placed on a curved roof, vehicle, equipment, or any surface unsuitable for glass.
The company, founded in Bengaluru in 2023 and housed in the incubator of the Indian Institute of Science's Science and Innovation Development Fund, is developing perovskite solar modules in both rigid and flexible formats.
The company name is a chemical reference, as perovskites have an ABX3 crystal structure. Here, A, B, and X denote different components that can be substituted to tune the material's behavior, which is what makes this group so adaptable.
The company's main focus is on manufacturing processes rather than the materials themselves. The company positions itself as a provider of comprehensive technologies for creating perovskite modules, including processes, equipment, methods, and cell design.
This distinction is significant in the field of perovskites because while laboratory cells have repeatedly set record efficiencies, most of these achievements have not been translated into mass production due to laboratory methods not scaling up to a production line.
The company describes its approach as environmentally oriented, focusing on sustainable production and recycling. The team's expertise extends beyond photovoltaics to include work with green hydrogen, ammonia, and direct carbon capture.
The company considers applications beyond roofs and fields: building surfaces, vehicles, portable devices, and space systems where weight or shape precludes the use of standard panels.
The team includes specialists educated at institutions such as Oxford, Cambridge, UC Berkeley, Bar-Ilan, Technion, Milan, Rome, NTNU Trondheim, Helmholtz Centre Berlin, and IISc. This international composition is considered a deliberate choice for a company of this size.
According to the company, revenue for the year ending March 2025 is in the range of zero to 10 crore rupees. ABX3 PV, supported by FSID and INCeNSE at IISc Bangalore, has secured over $11 million in Letters of Intent, according to the Bharat Innovates platform. The company plans to scale up production to a 500 kW commercial line for use in drones and satellites, aligning with its deep technology roadmap.
The company's work has been noted in IISc's own newsletter. In 2024, the company demonstrated its flexible module at national technology events, including the startup exhibition at Bangalore Tech Summit and an event organized by IIT Hyderabad.
Despite this, the company does not publish data on efficiency, module specifications, clients, production timelines, or funding amounts; the latest announcements date back to 2024.

