UK-based flexible organic photovoltaics (OPV) thin-film start-up Eight19 has secured a new round of funding totalling £1.3 million (US$1.69 million).
The start-up said that the new funding would enable the company to accelerate its business and technology momentum after two years of continued improvement in OPV performance and advances in manufacturing readiness.
“We are delighted to have secured the additional funding, which will allow Eight19 to accelerate commercial engagement with customers through the delivery of complete energy autonomous solutions utilizing our flexible OPV”, stated Claudio Marinelli, General Manager and VP Business Development. ”The funding will also enable the Company to accelerate the commercialization of a recent technology breakthrough at the Cavendish Laboratory, Cambridge University that could enhance the efficiency of conventional silicon solar panels by up to one quarter.”
Investors in this funding round were IP Group and Lucros Investment.