P3C Technology scales perovskite solar cells for rooftops and vehicles

What P3C Technology makes

P3C Technology and Solutions, founded in 2019 as a spin-out from research at IIT (BHU), develops and manufactures perovskite solar cells. According to YourStory, the company describes itself as India’s first perovskite solar cell manufacturer and is working to move the technology from laboratory research to industrial-scale production.

Products and applications

The company offers two main product lines. MySun Glass, a rigid glass-based perovskite solar cell, targets rooftop solar, building-integrated photovoltaics (BIPV), and utility-scale installations. MySun Flexible is a lightweight, bendable cell designed for vehicles, portable electronics, IoT devices, wearables, and curved surfaces.

P3C is also developing P3SKY, a deployment initiative that provides 1 kW, 3 kW, and 5 kW+ perovskite solar systems. These systems are intended to help industry partners evaluate performance under real-world conditions, according to the company’s disclosure on YourStory.

Production and collaboration

P3C uses proprietary materials and manufacturing processes and collaborates with research institutions such as IIT Delhi, the National Institute of Solar Energy (NISE), and IIT (BHU). The company states its technology aims to lower production costs, improve energy efficiency, and enable solar generation on surfaces where conventional silicon panels are impractical.

The company’s roadmap includes scaling production from laboratory levels to megawatt and gigawatt capacities, which would allow it to compete in both Indian and global renewable-energy markets.

Funding and team

P3C has raised $250,000 in funding from a single investor, Oberoi Thermit Private Limited, as reported by YourStory. The company is based in Gurugram, Haryana, and has a team of 41 to 60 employees.

Key leadership includes Sooraj Kumar as CEO, Shalini Singh as Director and COO, and Bacha Kumar Singh, whose role is not specified in the source.

What this means

Lazyfounder analysis — our interpretation, not reported fact.

P3C Technology and Solutions is a rare example of an Indian deep-tech startup translating academic materials-science research into scalable hardware. For founders and operators, it signals three things:

1. A new materials play in cleantech: Perovskite cells promise higher efficiency and lower weight than silicon, opening commercial paths—BIPV, vehicle-integration, portable power—that rigid panels cannot serve. P3C’s focus on real-world pilots (1–5 kW systems) suggests the tech is moving from lab to customer deployments faster than expected.

2. Local manufacturing ambition: The planned scale-up to megawatt and gigawatt lines shows a founder intent on capturing India’s PLI incentives and export demand. Competing Indian cell makers typically assemble modules; P3C wants to own the entire stack, from materials to system-level deployment.

3. Funding as validation: A modest $250 k seed round from a single corporate investor is unlikely to cover R&D and capex. The gap between IIT spin-outs and industrial production is large, and P3C will need follow-on capital. Its progress is therefore a funding signal for both climatetech VCs and industrial conglomerates that want in-house perovskite capability.