Semprius’ existing investors including Siemens Venture Capital, ARCH Venture Partners and Intersouth Partners, contributed to an addition US$7.5 million in funding. The proceeds will be used to further accelerate construction and ramp-up of Semprius’ pilot production facility to produce high-efficiency, low-cost solar modules.
Semprius’ HCPV module design begins with its proprietary micro-transfer printing process. This process enables the company to use the world’s smallest solar cell – approximately the size of a pencil point – to create solar modules. In January, Semprius’ HCPV modules set a new world record with an efficiency level of 33.9%.
“We appreciate the continued support of our investors and our board of directors,” said Joe Carr, chief executive officer of Semprius. “This investment will enable us to address increasing demand for our high-efficiency modules with meaningful commercial volumes in 2013.”