Heliatek raises €15m to take its solar films to China

Heliatek raises €15m to take its solar films to China

Business news |
By Nick Flaherty

The investment follows an earlier round of €80m in 2016 to commercialise its roll-to-roll production technology and brings the total investment to over €155m.

The new backing enable Heliatek to accelerate its development and speed up its worldwide market entry for the building and construction materials industry for application directly on facades and roofs of industrial and commercial buildings. 

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.

“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,” ssaid  Thibaud Le Séguillon, CEO of Heliatek. “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.”

Next: Dresden ramp up

The company 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 a year of solar films when fully ramped up.

Heliatek is also 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).

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