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Halio Inc. Announces $100M in Financing Led by SK and Capricorn

Halio, a smart window manufacturer, announced an additional $100 million in financing led by inside investors SK and Capricorn Investment Group. SK is Korea’s third-largest company with more than $68 billion in annual revenue. Halio aligns with SK’s focus on Environmental, Social and Governance materials solutions.

“SK recognizes the benefits that Halio Smart Glass brings to our lives, the planet, and its synergy with our investment in ESG," says Dong Uk Choi, vice president of SK.

Capricorn makes investments focused on specific impact areas of sustainability, including clean technology, health and wellness, and energy efficiency.

“Halio is the practical, necessary, inevitable, and elegant ingredient for the building industry as it moves to net-zero and occupant wellness,” says Dipender Saluja, managing director, Capricorn Investment Group.

Halio develops and commercializes advances in electrochromic technology that maximize natural light while mitigating solar heat and glare. The Halio Solution includes smart glass and a cloud-based AI control system. This system can fulfill architects’ design vision, meet sustainability objectives, and create an immersive daylight experience for occupants, say company officials.

Funding enables increased production capability to service orders and to further advance Halio’s electrochromic technology for commercial buildings, residential homes and vehicles.

“Architects and developers have specified Halio Smart Glass into a growing backlog of designs,” says Bruce Sohn, Halio CEO. “Our successful partnership with Viracon, the largest architectural glass fabricator in America, is already accelerating our timeline to increase production output.”