Flisom, a Switzerland-based provider of solar panels, has raised an undisclosed amount from a local investor and India-based conglomerate Tata.
Tata first invested in Flisom in September 2009.
Marc Kaelin, interim chief executive of Flisom since April, said: “This new investment marks investors’ satisfaction with Flisom’s progress towards the development of industrial manufacturing technology for roll-to-roll production of flexible solar modules. The 15MW plant will serve as a blueprint towards the establishment of larger-scale plants to manufacture flexible solar modules at low cost.”
KRS Jamwal, executive director of Tata Industries, said: “We admire the team and technology, based on a record setting efficiency of over 20% for CIGS from Empa [the Swiss Federal Laboratories for Materials Science and Technology], which we hope will be scaled up successfully. The funding will enable Flisom to purchase equipment and hire more experts to convert an innovative Swiss technology into an industrial reality.”
Flisom spun out of ETH Zurich research institute in 2006.