Heliatek Raises EUR80 Million

DRESDEN, Germany, September 21, 2016 /PRNewswire/ --

To finance large manufacturing expansion and support worldwide market development 

Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, has put together an EUR80 million ($88 million) round to finance the expansion of its HeliaFilm(R) manufacturing capacity by one million msquared p.a.. This round comprises EUR42 million in equity, EUR20 million in debt and about EUR18 million in subsidies.

(Photo: http://photos.prnewswire.com/prnh/20160920/410009 )

"We are very excited to have successfully completed this financing round. This allows us to strengthen our world leadership in organic solar film and to accelerate our expansion. We will continue to lead the way in enabling distributed energy generation on industrial and commercial buildings," stated Thibaud Le Seguillon, Heliatek CEO. "We will follow our strategy by expanding the BIOPV - Building Integrated Organic Photovoltaic - market through supplying large quantities of our HeliaFilms(R) to our customers in the building and construction material field."

The Series D financing round is led by innogy SE, one of the leading European energy companies. New investors also include ENGIE, BNP Paribas and CEE Group, an investment company of Lampe Equity Management specialized in renewable energy. The existing investors, AQTON, BASF, eCAPITAL, HTGF, Innogy Venture Capital, TUDAG and Wellington Partners, participated in this round.

The European Investment Bank, under the "InnovFin - EU Finance for Innovators" program, granted a EUR20 million loan to Heliatek. This program is a joint initiative launched by the European Investment Bank in cooperation with the European Commission under Horizon 2020.

The company has applied for the newly developed "KETs Pilot Lines project" technology and innovation funding scheme offered by the State of Saxony and financed by the European Regional Development Fund (ERDF). Grants up to EUR18 million over the duration of the project can be expected.

Heliatek plans to install its new manufacturing roll-to-roll facility on its site in Dresden over the next 18 months. It will offer a capacity of one million msquared p.a. of solar films when fully ramped up. The company will continue in parallel its worldwide roll out of its HeliaFilm(R) products to the building material and the automotive industry. These expansions should create more than 50 new high-tech jobs in Saxony.

Heliatek  http://www.heliatek.com

innogy SE  http://www.innogy.com

BNP Paribas  http://www.bnpparibas.com

CEE  http://www.cee-group.de

ENGIE  http://www.engie.com

European Investment Bank  http://www.eib.org/press

HeliaFilm is a registered trademark of Heliatek GmbH. 

Media only: 

Cornelia Jahnel, Heliatek GmbH, Tel: +49-351-213-034-421, cornelia.jahnel@heliatek.com

Nigel Robson, Vortex PR, Tel +44-1481-233080, nigel@vortexpr.com 



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