Heliatek Raises an Additional €15 Million for Organic PV Expansion

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

Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, announced today that it has raised €15 million from new and existing investors. A strong interest among potential investors leads to an extension of the last round of financing. It will enable Heliatek to accelerate its development and speed up its worldwide market entry. The company supplies HeliaFilm to partners in the building and construction materials industry for application directly on facades and roofs of industrial and commercial buildings. These solar films generate green, delocalized, decarbonised electricity.

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,” stated Thibaud Le Séguillon, Heliatek’s CEO. “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.”

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 square metres per annum of solar films when fully ramped up.