Heliatek, a Germany-based manufacturer of organic solar film, has received €18m ($22.5m) in a series C round featuring industrial manufacturers Robert Bosch and BASF.
Investment holding company Aqton SE led the round, which also included corporate-backed venture fund High-Tech Gruenderfonds, Innogy Venture Capital, which acts as the corporate venturing arm of energy company RWE, Wellington Partners, eCapital and TGFS. Heliatek has now raised €46m ($57m) in total.
Founded in 2006 as a spin-out from the Universities of Dresden and Ulm, Heliatek creates organic solar cells incorporating small-molecule technology. The new capital will be used to increase sale efforts.
Thibaud Le Seguillon, chief executive of Heliatek, said: “This fresh money will help us to reach our set of operational and sales goals until 2016, including the introduction of transparent HeliaFilm in production by the middle of next year.”
– Photo courtesy of Heliatek GmbH