Heliatek, an organic photovoltaic (OPV) producer, has raised $88m in a Series D funding round to expand its “Heliafilm” manufacturing capacity. The company is also working on developing new solar cells and modules for the automotive market. The funding round raised €42m in equity, €20m in debt and €18m in grants and subsidies, with the company also receiving a €20m loan from the European Investment Bank as part of its InnovFin – EU Finance for Innovators programme.
Heliatek, an organic photovoltaic (OPV) producer, has raised $88m in a Series D funding round to expand its “Heliafilm” manufacturing capacity. The company will launch a new manufacturing roll-to-roll facility on its existing Dresden site over the next 18 months, increasing capacity by one metre squared per year and adding 50 new technical roles to the team. The funding round raised €42m in equity, €20m in debt and €18m in grants and subsidies, with the company also receiving a €20m loan from the European Investment Bank as part of its InnovFin – EU Finance for Innovators programme.