Heliatek raises an additional €15 million
New and existing investors increase financial resources to accelerate development and speed up worldwide market entry
Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, announced today that it has raised further €15 million from new and existing investors. A strong interest among potential investors led to an extension of the last round of financing of initially € 80 million to now € 95 million. It will enable Heliatek to accelerate its development and speed up its worldwide market entry. The company supplies HeliaFilm® to partners in the building and construction materials industry for application directly on facades and roofs of industrial and commercial buildings. These solar films generate green, decarbonized and decentralized electricity.
An Asian Family office, based in Hong-Kong, and a German Family Holding participated in this financing round alongside existing shareholders that include eCAPITAL, innogy SE, Engie, BASF, BNP-Paribas, AQTON, Innogy Venture Capital and Wellington Partners. The Asian Family office has extensive experience in China where it holds an interest in a large Xiamen-based manufacturing company in the touch solution area. The German Family Holding provides a deep first-hand knowledge and understanding of the construction and materials industry.
“We are very happy to welcome these two new key investors. Our first Asian investor will help us refine and execute our strategy in that important region for our future,” stated Thibaud Le Séguillon, Heliatek’s CEO. “The decision of the German Family Holding to invest is one more validation of our business model. We will follow our strategy by expanding the BIOPV-market (Building Integrated Organic PhotoVoltaic) through supplying large quantities of our HeliaFilms® to our customers in the building and construction materials field.”
Heliatek is in the midst of sourcing and installing its new manufacturing roll-to-roll facility on its site in Dresden. This facility will have a capacity of one million square meters per annum of solar filmswhen fully ramped up.
As technology leader in organic electronics, Heliatek develops, produces and distributes large area Organic PV solar films. Heliatek holds the world record in the field of Organic Electronics Energy with 13.2% efficiency. Its business model is to supply the custom-designed HeliaFilm® to partners in industries, such as building and construction materials and light architectural structures. Heliatek maintains a total staff of some 110 specialists at its facilities in Dresden and Ulm, Germany. The reserach and development work as well as the installation of the production facilities are supported by the Free State of Saxony, the Federal Republic of Germany and the European Union.
For more information please visit: www.heliatek.com
eCAPITAL entrepreneurial Partners AG is a Münster-based alternative investment fund manager (AIFM) in accordance with EU-directive EuVECA. As a leading German venture capital firm, eCAPITAL has supported innovative entrepreneurs in future-oriented industries since 1999. The firm focuses on rapidly growing companies in the areas of Software / IT, Cleantech, Industry 4.0 and New Materials. Currently, eCAPITAL manages six funds with a total of 200 million euros under management.
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