Dresden-based OPV thin-film start-up, Heliatek GmbH has raised €18 million in a ‘Series C’ investment round that included German entrepreneur, Stefan Quandt.
Heliatek said that the funds would support market entry and operations into 2016. The firm is planning to launch products for BIPV and automotive sectors. Stefan Quandt is part of the family that owns a majority share in German car giant BMW.
“This fresh money will help us to reach our set of operational and sales goals until 2016, including the introduction of transparent HeliaFilm® in production by the middle of next year,” states Thibaud Le Séguillon, CEO of Heliatek.
The company previously announced it had taken the world record of 12% cell efficiency for opaque organic solar cells and more recently achieved a thin-film transparency of up to 40% associated with an efficiency of more than 7% on its roll-to-roll pilot/production line.
Heliatek’s latest investment round was led by Stefan Quandt’s investment vehicle, AQTON SE, while existing investors, Bosch, BASF, Innogy Venture Capital, Wellington Partners, eCAPITAL, HTGF and TGFS also participated.
The company said that it had raised around €46 million since start-up in 2006.