Heliatek, a Germany-based manufacturer of organic solar film, has received €18m ($22.5m) in a series C round featuring industrial manufacturers Robert Bosch and BASF.

Investment holding company Aqton SE led the round, which also included corporate-backed venture fund High-Tech Gruenderfonds, Innogy Venture Capital, which acts as the corporate venturing arm of energy company RWE, Wellington Partners, eCapital and TGFS. Heliatek has now raised €46m ($57m) in total.

Founded in 2006 as a spin-out from the Universities of Dresden and Ulm,…