ACE Inventor was designated a growth-sharing company by the Korea SMEs and Startups Agency on 22 July 2024, raising 300 million won in redeemable convertible preferred stock under a scheme that funds companies on an assessment of technology and growth potential.

Growth-sharing funding carries a light early repayment burden, which suits the cash profile of a manufacturer that must buy equipment before it books revenue.

The money went into lamination machinery and inspection equipment at the Hwaseong plant. With selection for the Korea Technology Finance Corporation's integrated commercialization programme confirmed the same day, the second half of 2024 became a period in which resources converged on production capability.

The equipment installed then led to factory registration and the start of G2G line operation the following March.

ACE Inventor Inc., founded in November 2022, develops ultra-lightweight building-integrated photovoltaic (BIPV) modules. Its core technologies are a water-based hydrogel electrolyte membrane, electrophoretic large-area flexible electrode coating, and ultra-lightweight curved module design using FRP and ETFE composites. The company operates a 50 MW annual production line in Paltan-myeon, Hwaseong, Gyeonggi-do, and holds KS C 8577 BIPV module certification together with ISO 9001, 14001 and 45001. Its patent portfolio includes seven registered Korean patents and one registered US patent, with 23 applications filed in Korea and abroad. Contact info@aceivt.com · www.aceivt.com

Related coverage and sources

· THE VC — ACE Inventor company profile

· Gyeonggi Center for Creative Economy and Innovation — climate tech startups