Saudi Aramco et al. in €8m round for Nexwafe

German family office Wermuth Asset Management has also taken part, investing capital from its own pool, as well as via the Green Gateway Fund II (GGF2), which it advises.

Swiss private investor Lynwood also contributed capital to the round, as did German research institute Franhofer ISE.

The fresh capital will be used to commission production of Nexwafe's 5MW silicon wafers.

Company
Nexwafe is developing a monocrystalline wafer to supply to solar cell producers for use in standard photovoltaic cells. It uses a patented process called Epiwafer in which silicon layers are deposited on seed wafers and subsequently detached to produce freestanding wafers of any desired thickness. The company is headquartered in Freiburg.

People
Nexwafe – Eicke Weber (chairman).

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