NexWafe raises EUR10 million in a new Series B round of funding

• Fraunhofer ISE spin-off NexWafe has actually elevated EUR10 million in a new Series B round of funding as the business transfers to another pilot production stage.

NexWafe generates high-efficiency monocrystalline n-type wafers that are expanded straight (Epitaxy) from chlorosilane as well as are made kerfless, unlike p as well as n-type monocrystalline wafers. Focus is now being positioned on next-generation ultra-thin and tandem solar cell architectures that its wafers can be utilized for.

Financiers in the most recent Series B round of financing has consisted of Fraunhofer ISE as well as Saudi Aramco Energy Ventures, which were financiers in the previous round in early 2019. Brand-new investors consisted of GAP Technology Holding, Lynwood Schweiz AG as well as Bantina Invest Limited.

On the other hand the startup additionally introduced that Peter Pauli would certainly step down as chairman of the board of supervisors to commit even more time to various other dedications, yet would certainly continue as an investor.

" Helping to lead NexWafe on its transition from an academic spin-off to its appearance as a technology product company was an excellent honor," kept in mind Pauli. "NexWafe's EpiNex wafers are a key element of the future solar market, as the market aims to satisfy assumptions in regards to prices as well as PV performance."