NexWafe GmbH, a Freiburg, Germany-based developer of wafers to solar cell producers, raised €6m in Series A funding.
The round was led by the Swiss-based private equity firm Lynwood (Schweiz) AG.
The company intends to use the funds for the commercialization of the EpiWafer technology.
Led by Dr. Stefan Reber, co-founder and CEO, NexWafe provides solar cell producers with high quality monocrystalline wafers compatible with common cell and module fabrication processes. Its EpiWafer process is a crystalline silicon layer epitaxially deposited on a seed wafer and subsequently detached to produce a freestanding wafer.
The company is a spinoff from the Fraunhofer ISE.