Heliatek raises €80M Series D to increase production capacity by a factor of 40
Capital-intensive smart green startups in Europe aiming at building their own hardware factories have a hard time fundraising. Financially motivated VCs require capital efficiency and prefer hardware startups that outsource manufacturing and the necessary CAPEX. Financing new PV factories in Europe is even more difficult due to China’s hegemony. It turns out it can only be done if you develop the next generation of PV technology, continuously improve efficiency and work diligently on building a co-investor syndicate of family offices, corporates and governments. Keep in mind that it was the Chinese government that backed a myriad of Chinese manufacturers to hijack the global PV industry. After a very long fundraising journey, 10-year old Organic Photovoltaics (OPV) pioneer Heliatek finally found the capital to build its second 3G solar factory in Dresden, Germany’s epicentre of photonics and organic semiconductors.
Read moreEcosummit TV – Heliatek – Andreas Rueckemann & Martin Pfeiffer – Part 2
Our new Ecosummit TV episode brings you more unknown secrets and untold stories about Europe’s leading OPV provider. Dresden is the place to be, explains Dr. Martin Pfeiffer, Founder and CTO of Heliatek: “I think I am not exaggerating when I say that Dresden is probably the best place in the world for organic electronics due to a high-quality cluster of research and production partners working with us.” We like this company and we believe Heliatek has a bright economic and ecological future. We need it, too!
Read moreEcosummit TV – Heliatek – Andreas Rueckemann & Martin Pfeiffer – Part 1
Organic PV (Photovoltaics) is very promising 3G Solar techno. We also call it Green Photonics. Heliatek is a German pre-revenue Cleantech startup with 50 employees currently setting up their first factory. Moving from lab to fab, Founder & CTO Dr. Martin Pfeiffer and CEO Dr. Andreas Rueckemann give hope. They believe their new ecofriendly solar cells made in Dresden will provide more energy for less money with very little ecological footprint. This nextgen green technology made ubiquitous with factories of the future can help us overcome nuclear disaster as it unfolds in Fukushima in Japan. We must reinvent our economy and repower it by 100% renewable energy and products. Let’s go smart green now and do the right thing!
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