NexWafe Closes Series C Investment Round
7 Million Euro Additional Investment in Second Close Completes Funding Round
(FREIBURG, GERMANY) – NexWafe GmbH (NexWafe) today announced it completed its Series C investment round with a second close completed in December 2021 led by one of Germany’s largest family offices. Including the second close, the Series C financing totals 39M Euros and will be used to complete product and technology development for NexWafe’s solar photovoltaic products on prototype lines in Freiburg.
“NexWafe is accelerating the renewable energy transition with more efficient, lower cost, greener solar wafer technology for photovoltaic manufacturers globally, including strategic partners committed to gigawatt scale implementation of NexWafe epitaxial wafer production,” said Davor Sutija, CEO of NexWafe.
NexWafe is creating processes to develop and produce monocrystalline silicon wafers directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This unique, patented wafer manufacturing solution simplifies polysilicon production and reduces energy use and production time. The result is drastically lowered production costs. NexWafe is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe and the European Solar Manufacturing Council.
Investors joining NexWafe’s Series C growth round’s second close also include Ecosummit, an investment group that advises smart green startups on fundraising and strategy. Investors in the first close of the Series C Round include Reliance Industries Limited, InnoEnergy, Hemma Group, Saudi Aramco Energy Ventures and others.
At an extraordinary general meeting of shareholders in January, a new NexWafe board was elected, including Chairman Bart Markus, deep-tech investor and former General Partner of Wellington Partners; and Directors Marina Groenberg, Managing Director, Hemma Group; Thomas Koerner, Vice President, Canadian Solar; Sanjay Mashruwala, President of Reliance Industries Ltd., and Bruce Niven, Chief Investment Officer at Saudi Aramco Energy Ventures.
About NexWafe GmbH
NexWafe GmbH designs, develops and pilots a proprietary process to produce ultra-thin, high efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 70% reduction in carbon dioxide emissions during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are 30% less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supports
the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015. For more information, please visit https://www.nexwafe.com and follow us on LinkedIn and Twitter.
Jenna Beaucage, 508-340-6851
Om News Direct
Copyright 2020 News Direct Corp.
Følg pressemeldinger fra News Direct
Registrer deg med din epostadresse under for å få de nyeste sakene fra News Direct på epost fortløpende. Du kan melde deg av når som helst.
Siste pressemeldinger fra News Direct
Velocity Global raises $400M in Series B growth round19.5.2022 09:11:45 CEST | Pressemelding
DENVER | May 18, 2022 07:01 AM Mountain Daylight Time Eldridge and Norwest Venture Partners lead funding round Achieves multi-billion dollar valuation, a 7x increase in one year Investment boosts the company’s Global Work Platform™ that enables businesses and talent to work with anyone, anywhere, anyhow https://www.youtube.com/watch?v=wvxY1WR8Cuw&feature=emb_imp_woyt Velocity Global, the leading provider of global talent solutions, announced today that it raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to lend their deep expertise in the areas of technology, future of work and global scale. The company retains majority ownership and founder Ben Wright continues as CEO and chair of the board of directors. “This is a pivotal moment for our company in the midst of a
DHL and Mykke Hofmann Launch Sustainable Fashion Capsule: Forever Pieces16.5.2022 15:36:56 CEST | Pressemelding
Six (6) winning designs from an international competition with 2,375 entries from 80 countries available as a limited collection as of May 16, 2022. Clothing designed to be timeless, with an NFT warrantee certificate on a the blockchain to extend the garment’s wearability and lifespan. Arjan Sissing, Global Head of Brand Marketing at DHL: “Our vision of positive fashion unites sustainable logistics, circularity and fair production conditions with long-lasting quality”. All profits from the sale of the Forever Pieces collection will be donated to SOS Children’s Villages Bonn, Germany: DHL and Mykke Hofmann (the socioecological fashion label based in Munich) are jointly launching a fashion capsule entitled Forever Pieces, where the design boasts a span of a lifetime. The unique collection will be available from May 16, 2022, on www.MykkeHofmann.com. The Forever Pieces collection was created from a design competition announced last fall on social media by DHL and Mykke Hofmann. A total of
CleverTap Appoints Anand Venkatraman as Chief Operating Officer22.4.2022 15:37:37 CEST | Pressemelding
CleverTap, the world’s leading retention cloud, announced the appointment of Anand Venkatraman as the Chief Operating Officer.
Alcatel-Lucent Enterprise unites global partners for 2022 virtual conference27.1.2022 08:59:20 CET | Pressemelding
Paris, France, 27 January 2022: Alcatel-Lucent Enterprise, a leading provider of communications, cloud and networking solutions tailored to customers’ industries, is hosting its global partner conference between February 15-16th 2022. Following the success of last year’s Connex21 event, which was the first of its kind to be held virtually, this year’s Connex22 conference will again take to a virtual stage, prioritising the safety of employees and partners and demonstrating Alcatel-Lucent Enterprise’s belief that the enterprise can work from anyway and everywhere. With a purpose to maintain business continuity and inspire the Alcatel-Lucent Enterprise community for the year ahead, Connex22 will bring together Alcatel-Lucent Enterprise partners and employees from all over the world. The theme for this year’s event is ‘Go Future’ and recognises that the future is built upon experience and learning as well as ambition and goals. The event will feature CEO Jack Chen, alongside other Alcatel
Thunderbird School of Global Management at Arizona State University Announces Global Initiative to Educate 100 Million Learners by 203021.1.2022 10:39:51 CET | Pressemelding
The Francis and Dionne Najafi Global Initiative is a one-of-a-kind inclusive, innovative, impactful global initiative that will advance the United Nations Sustainable Development Goal 4, Quality Education for all. Goal is for 70% of participants to be women.
I vårt presserom finner du alle våre siste pressemeldinger, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom