Heliatek develops and manufactures organic photovoltaic solar films sold as HeliaFilm®. The company is expanding manufacturing capacity with a new roll-to-roll facility on its Dresden site to add one million m² p.a. when fully ramped up. Management plans to install the facility over the next 18 months while continuing a worldwide rollout of HeliaFilm® products to the building-material and automotive industries. The funding announced includes equity, a loan and subsidies that will finance the capacity expansion. Heliatek expects the expansion to create more than 50 new high‑tech jobs in Saxony. The company is led by CEO Thibaud Le Séguillon. Heliatek develops organic solar films produced via a roll-to-roll manufacturing process. The company is supplying prototypes and pilot units to building and construction material companies, automotive manufacturers and their suppliers. It focuses on commercializing flexible, lightweight solar-film products for integration into various surfaces. Heliatek completed an €18m Series C and has raised €46m in total to date. The company intends to use the new funds to expand its sales efforts. Heliatek was founded in 2006 and is led by CEO Thibaud Le Séguillon and Dr. Martin Pfeiffer. Heliatek GmbH, based in Dresden, Germany, develops organic solar cells incorporating proprietary tandem technology from so-called "small molecules," organic dyes synthesized from hydrocarbons. Formed in 2006 as a spin-off from the Universities of Dresden and Ulm, the company focuses on efficient, flexible and very lightweight PV modules on a film substrate. The recent financing will be used to build a production facility in Dresden to manufacture those film-based PV modules. The company completed a $27M (€18M) second round of financing led by Wellington Partners with participation from Bosch, RWE Innogy Ventures, BASF Venture Capital, the High-Tech‑Gründerfonds, eCAPITAL entrepreneurial Partners AG, Technologiegründerfonds Sachsen Startup GmbH & Co. KG and GP Bullhound Sidecar. Prior to this round, Heliatek received seed investments of €500,000 from the High-Tech‑Gründerfonds and €100,000 from Dr. h.c. Harald Eggers. The funding is intended to scale manufacturing capacity for its organic PV modules.

Total raised

$139M

Funding rounds

5

Latest round

Debt Financing

Latest activity

Sep 2016