Taking advantage of the non-covalent interaction between alkyl chains and the sidewalls of a singlewalled carbon nanotube (SWCNT), a nanocarbon hybrid of SWCNT and a fullerene (C 60 ) derivative with long alkyl chains was constructed as a donor-acceptor pair for photovoltaics and nanodevice investigations. It was found that SWCNT could be mostly unbundled by the alkylated C 60 (1) and was well-dispersed in organic solvents. As a photoactive material, the resultant nanocarbon hybrid, 1-SWCNT, performed well in light-energy harvesting applications in photoelectrochemical cells and nanoscale field-effect transistors (FET). Moreover, the 1-SWCNT assembly exhibited superhydrophobicity, providing an interesting opportunity to fabricate nanocarbon-based waterproof optoelectronic devices. In order to understand the photoexcitation process, the 1-SWCNT assembly was electrochemically and spectroscopically characterized. The electrochemical results showed that the SWCNT facilitated electronic communication between 1 and the electrode. The steady-state and timeresolved fluorescence and the photoluminescence excitation studies suggested efficient quenching of the singlet excited state of C 60 . Nanosecond transient absorption data revealed the one-electron reduction of fullerene, C 60 _ À , thereby demonstrating the photoinduced electron transfer from SWCNT to the C 60 unit in the 1-SWCNT assembly.