A CEFC investment in Australian company SunDrive will help commercialise revolutionary solar technology that replaces silver with copper to improve solar panel efficiency and reduce costs. At nearly 100 times cheaper than silver and far more abundant, the switch to copper has the potential to improve solar panel uptake by driving down costs. Leading the $21 million Series A round alongside Main Sequence Ventures, the $7 million CEFC commitment is made through the Innovation Fund, managed by Virescent Ventures. The raise has also attracted the support of private investment companies including Blackbird Ventures and Grok Ventures.