NexWafe Closes Series C Investment Round
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7 Million Euro More Expense in Next Shut Completes Funding Spherical
FREIBURG, GERMANY –Information Immediate– NexWafe
NexWafe GmbH (NexWafe) now announced it finished its Sequence C expenditure round with a next shut completed in December 2021 led by a person of Germany’s premier spouse and children places of work. Together with the 2nd near, the Sequence C financing totals 39M Euros and will be utilized to entire product and technology improvement for NexWafe’s photo voltaic photovoltaic goods on prototype traces in Freiburg.
“NexWafe is accelerating the renewable power transition with much more productive, decreased charge, greener solar wafer technologies for photovoltaic brands globally, together with strategic associates dedicated to gigawatt scale implementation of NexWafe epitaxial wafer manufacturing,” mentioned Davor Sutija, CEO of NexWafe.
NexWafe is creating procedures to acquire and create monocrystalline silicon wafers immediately from cheap uncooked resources, going directly from the gas period to concluded wafers. This distinctive, patented wafer production alternative simplifies polysilicon production and reduces energy use and output time. The final result is dramatically lowered generation expenses. NexWafe is a member of the Ultra Very low-Carbon Solar Alliance, Solar Electricity Europe and the European Solar Production Council.
Buyers joining NexWafe’s Collection C progress round’s second near also include things like Ecosummit, an investment team that advises smart environmentally friendly startups on fundraising and approach. Traders in the very first close of the Series C Spherical include things like Reliance Industries Constrained, InnoEnergy, HEMMA Team, Saudi Aramco Vitality Ventures and other individuals.
At an incredible basic assembly of shareholders in January, a new NexWafe board was elected, like Chairman Bart Markus, deep-tech investor and former Basic Associate of Wellington Associates and Administrators Marina Groenberg, Controlling Director, Hemma Team Thomas Koerner, Vice President, Canadian Solar Sanjay Mashruwala, President of Reliance Industries Ltd., and Bruce Niven, Chief Financial commitment Officer at Saudi Aramco Vitality Ventures.
About NexWafe GmbH
NexWafe GmbH models, develops and pilots a proprietary method to create extremely-skinny, substantial performance,monocrystalline eco-friendly photo voltaic wafers to make photovoltaics extra sustainable and productive. Fullycompatible with regular photo voltaic mobile production, NexWafe delivers a 70% reduction in carbondioxide emissions through producing. NexWafe’s continual, immediate gasoline-to-wafer manufacturingprocess also minimizes squander, ensuing in wafers that are 30% a lot less high priced than common wafers.NexWafe’s in-line, extremely-scalable process shatters price tag down roadmap boundaries and inherently supportsthe industry’s remarkable development as the transition to solar ability accelerates around the globe. Thecompany was spun out from Fraunhofer Institute for Photo voltaic Energy Methods ISE in 2015. For moreinformation, remember to go to https://www.nexwafe.com and follow us on LinkedIn and Twitter.
Contact Details
Jenna Beaucage
+1 508-340-6851
Firm Web site
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