Heliatek GmbH, a Dresden, Germany-based manufacturer of production and commercialization of organic solar films, completed a €18m Series C financing.
The round was led by Aqton SE with participation from prior investors Bosch, BASF, Innogy Venture Capital, Wellington Partners, eCAPITAL, High-Tech Gründerfonds and TGFS.
The company, which has raised €46m to date, intends to use the funds to expand sales efforts.
Founded in 2006 and led by Thibaud Le Séguillon, CEO, and Dr. Martin Pfeiffer, Heliatek develops organic solar films in a roll-to-roll production process. The company is currently supplying prototypes and pilots to building and construction material companies, automotive manufacturers and their suppliers.