HelioVolt makes high-efficiency thin-film photovoltaic modules using a rapid, low-cost manufacturing process aimed at commercial rooftop and utility customers. The company emphasizes rapid module cost reduction and technical progress to compete in the global solar market. SK Group has invested $50M to expand HelioVolt’s Austin manufacturing operations and to collaborate on technology development and global manufacturing expansion. SK TIC and SK Innovation—members of SK Group—will provide manufacturing, engineering and operational expertise as part of the partnership. Bank of America Merrill Lynch acted as HelioVolt’s exclusive placement agent for the transaction. In total, HelioVolt has raised over $200M to fund its move to volume production and international expansion, and the new investment is intended to accelerate commercialization of its technology.

Total raised

$50M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2011