Wednesday, 18 Sep 2019

Heliatek announce the company has raised an additional Eur 15 million

New and existing investors increase financial resources to accelerate development and speed up worldwide market entry

12 Oct 2017 | Editor

Heliatek has announced that they has raised Eur 15 million from new and existing investors. A strong interest among potential investors lead to an extension of the last round of financing.

The funds will enable Heliatek to accelerate its development and speed up its worldwide market entry.

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 m2 per annum of solar films when fully ramped up.

"We are very happy to welcome these two new key investors. Our first Asian investor will help us refine and execute our strategy in that important region for our future."

"The decision of the German Family Holding to invest is one more validation of our business model. We will follow our strategy by expanding the BIOPV-market (Building Integrated Organic PhotoVoltaic) through supplying large quantities of our HeliaFilms to our customers in the building and construction material field."

Thibaud Le Séguillon, CEO Heliatek


About Heliatek

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).

Source: Heliatek

cintelliq logo