NovoPolymers Raises €5.4M in Equity Funding

NovoPolymers NV, a Puurs, Belgium-based company specialized in the design and conversion of polymer formulations into photovoltaic encapsulant sheets, has raised €5.4m in equity funding.

Backers include existing investors Gimv, Capricorn Cleantech Fund and new investor SFPI-FPIM (Société Fédérale de Participations et d’Investissement – Federale Participatie- en Investeringsmaatschappij).

The company intends to use the capital to accelerate its innovation roadmap and internationalize in the global solar industry. SFPI-FPIM also made available extra funds to specifically support NovoPolymers’ strive to create a strong presence in Asia.

Founded in 2008 by CEO Johan Declerck, NovoPolymers develops and produces sustainable solutions for the photovoltaic market. It has recently developed a new range of innovative encapsulants for Photovoltaic (PV) modules, which are either already launched (NovoVellum® MF01, NovoVellum® FW01) or are under scrutiny in IEC certification tests with preferred partners.



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