Launch · Climate, Energy & Sustainability

Iisc-incubated startup makes efficient solar panels

By Startup Enthusiast · 2 April 2026

What they do

ABX3 PV develops perovskite solar cells with over 26% efficiency

It has produced a 15-watt panel and is building a 500 kW production line

India's perovskite solar market is projected to reach $580 million by 2030

ABX3 PV was founded in 2023 by four IISc scientists.
The company develops perovskite solar cells (PSCs) with a crystal structure called ABX3.
Its cells achieve efficiency over 26% and are cheaper than traditional silicon cells.
The startup embeds PSCs in sheet, flexible, and traditional substrates.
It targets residential, commercial, and industrial solar applications.
ABX3 PV has produced a 15-watt panel and is building a 500 kW PSC line for satellite and drone uses.

India's perovskite solar cell market is projected to grow from $20.9 million in 2024 to $580 million by 2030.
The startup was incubated at the Indian Institute of Science (IISc).

ABX3 PV develops perovskite solar cells using the ABX3 crystal structure.
Its cells have efficiency greater than 26% and are cheaper than silicon cells.
The company embeds PSCs in sheet, flexible, and traditional substrates.
It targets residential, commercial, and industrial solar customers.
The startup has produced a 15-watt panel and is building a 500 kW production line for satellite and drone applications.