Fueling growth: RiseTech secures €3 million seed round to industrialize iSPLASH technology

By RiseTech Editorial Team | 3 min read 

A robust financial runway is the fuel that transforms pioneering research into scalable industrial infrastructure. Following its prestige recognition by the European Innovation Council, RiseTech has just reached another major corporate milestone by successfully closing a seed round funding of €3 million.The investment round totaling €3 million in equity was led by Tech4Planet, the National Technology Transfer Hub for Sustainability launched by CDP Venture Capital, alongside Progress Tech Transfer, a fund managed by MITO Technology dedicated to empowering sustainability-driven innovations. Together, these institutional funds injected €1.5 million into the round, which was matched by an additional €1.5 million equity investment from the EIC. This capital injection, combined with the €2.5 million non-dilutive grant resources previously secured from the EIC Accelerator, is being entirely allocated to accelerate the development, testing, and industrial validation of our proprietary sustainable manufacturing equipment architecture, specifically targeting the high-volume solar photovoltaic sector. 

The core of RiseTech’s investment thesis lies in its patented iSPLASH technology (iSPLASH – industrial Selective PLAting for Solar Heterojunction). Designed as a highly innovative electrochemical system for the selective copper metallization of heterojunction (HJT) solar cells, iSPLASH completely replaces expensive silver paste. 

By eliminating silver from the manufacturing process, this disruption aims to slash cell production costs by at least 30% and reduce the carbon footprint by an incredible 90%, while simultaneously boosting cell efficiency. The primary objective of this funding round is the turnkey creation of the very first industrial-scale production plants for copper deposition directly onto solar cells. 

The investment from top-tier institutional funds and European bodies underscores the massive market and environmental potential of RiseTech’s engineering approach. 

“The iSPLASH technology represents a true global unicum in the field of advanced metallization techniques. The closing of this investment agreement allows us to execute our corporate development plan for industrial scale-up. It enables the market entry of a disruptive product and process innovation that perfectly responds to the core principles of the green economy.” Marco Balucani, Co‑Founder & CEO at RiseTech states.

Adding to this vision, Roberto Pagliucci, Co-founder and Innovazion Manager at RiseTech, emphasizes the operational launchpad this round provides: 

“This seed round marks both the validation of our industrial plan and the starting point of a new phase of growth. It will empower the execution of our industrial scale-up plan, enabling the market entry of an innovation that is fully original, proprietary, high-yielding, and entirely Made in Italy.”

By combining the financial backing of major institutional investors with a clear, agile execution strategy, RiseTech is successfully solidifying its position as a highly reliable deep tech company investment in Italy, proving that complex physical hardware can scale rapidly when backed by elite engineering. This step sets the definitive foundation for RiseTech to lead the transition toward zero-emission, high-efficiency solar energy manufacturing equipment.