Heliatek moves to production phase of organic solar cells: receives US$27 million VC funding
Having recently had their organic solar cells verified by Fraunhofer ISE with a power conversion efficiency of 6.07% for a tandem solar cell (active area of 2cm²), Dresden-based Heliatek has received a new round of funding to the tune of US$27 million to build its first production facility in Dresden. The start up had previously noted that it planned to increase the conversation efficiencies to 10%. Heliatek is targeting in particular mobile market and architectural (BIPV) applications.