Heliatek Completes 18 Million Euro in Series C Funding
Heliatek GmbH has successfully completed its C-Financing round by raising 18 million EUR. This Round was led by AQTON SE, an investment holding of German entrepreneur Stefan Quandt, with participation of all prior investors, Bosch, BASF, Innogy Venture Capital, Wellington Partners, eCAPITAL, HTGF and TGFS. Since the foundation of the company in 2006, 46 million EUR have been raised in order to develop the technology, the manufacturing process and now the market entry.
The company succeeded with its innovative approach of organic solar films in a roll-to-roll production process. These HeliaFilmsÂ® are being supplied to industrial partners for applications in BIPV - Building Integrated PV - and Automotive. These funds come at the time of market entry for Heliatek, which is currently supplying prototypes and pilots to building and construction material companies, automotive manufacturers and their suppliers as well as unique market opportunities.
Dr. Paul-Josef Patt, CEO of eCAPITAL AG, said, "In the last 12 months, Heliatek has made enormous progress as the technology leader in organic solar films, and we are now looking forward to taking the next steps towards commercialization together with AQTON SE."
"This fresh money will help us to reach our set of operational and sales goals until 2016, including the introduction of transparent HeliaFilmÂ® in production by the middle of next year," states Thibaud Le SÃ©guillon, CEO of Heliatek.
The team around Thibaud Le SÃ©guillon and Dr. Martin Pfeiffer is continuously reaching its milestones in improving efficiency and durability. The company holds the world record of 12% cell efficiency for opaque organic solar cells and announced earlier this year a transparency of up to 40% associated with an efficiency of more than 7%.