Switch Lighting boasts of achieving a technical breakthrough that will allow it to sell recyclable LED light bulbs
at a much lower price than average. The new company has been incubating for three years and received at least a $10 million investment from VantagePoint, according to VantagePoint Co-Founder and Managing Partner Alan Salzman.
Formerly called SuperBulbs, Switch says the technical breakthrough will allow it to sell recyclable LED lightbulbs for about $20 apiece, with prices to come down over time.
The bulbs utilize several of the advantages of LEDs – they use 85% less energy than incandescent bulbs, for instance – while minimizing the disadvantages.
“These don’t dim, flicker, have a funny shape, contain mercury or need to be put in hazardous waste facilities,” Salzman said. “The bulb can be fully dimmed and has the full spectrum of light coming out. It’s been a labor of love for some of us – it feels very much like a birthing process.”
VentureWire reported recently that VantagePoint is raising a fund of at least $1 billion for clean tech projects. Salzman would not discuss that story, but he said VantagePoint now has the resources in time, money and technical expertise to tackle labor-intensive projects like Switch.
VantagePoint considers its portfolio of lighting companies to be representative of the changes that are occurring in the lighting industry as LEDs replace incandescent and fluorescent lights.