Saudi Aramco Energy Ventures returned to contribute to a round that will support development of a pilot version of NexWafe's solar wafer production technology.
NexWafe, a Germany-based developer of silicon wafer fabrication technology, closed a €10m ($12m) series B round on Friday featuring Saudi Aramco Energy Ventures, a subsidiary of petroleum producer Saudi Aramco.
Fraunhofer Society’s Institute for Solar Energy Systems also took part, as did Gap Technology Holding, Lynwood Schweiz and Bantina Invest.
Founded in 2015, NexWafe is developing technology facilitating the production of monocrystalline silicon wafers for solar panels capable of delivering a higher efficiency than comparable processes at lower costs.
The…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
