|New and existing investors increase financial resources to accelerate development and speed up worldwide market entry
Dresden, Germany - Oct 12, 2017 - Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, announced today that it has raised €15 million from new and existing investors. A strong interest among potential investors lead to an extension of the last round of financing. 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, delocalized, decarbonized electricity.
An Asian Family office, based in Hong-Kong, and a German Family Holding participated in this round alongside existing shareholders that include Innogy, Engie, BASF, BNP-Paribas, AQTON, eCapital, IRTF 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 brings a deep first-hand knowledge and understanding of the construction and material industry.
Heliatek is in the middle of sourcing and installing its new manufacturing roll-to-roll facility on its site in Dresden. It will offer a capacity of one million square metres per annum of solar films when 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.
Heliatek is funded under the EIB "InnovFin - EU Finance for Innovators" program. Research and development work, as well as the installation of production technology, has been funded by the Free State of Saxony, the Federal Republic of Germany and the European Union, as well as under the "KETs Pilot Lines project"technology and innovation funding scheme offered by the State of Saxony and financed by the European Regional Development Fund (ERDF).
Treidlerstr. 3 / 01139 Dresden
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