Industrifonden et al. invest in Sol Voltaics

The investor was attracted to the deal because it believes the company offers an inexpensive production method to manufacture solar cells and that the market for solar cells is growing. In particular, Industrifonden points to the decision in Germany to phase out nuclear power, which could further increase demand for solar power.

Industrifonden provided SEK 18.5m of the total funding. The new capital will support the continued development of the company's products.

Company
Sol Voltaics was founded in 2008 and originates from nanotechnology research at Lund University. The company is developing a new material and new production method to manufacture solar cells that reduce the cost of production significantly.

People
Stefan Jakélius worked on the deal for Industrifonden.

Advisers
Equity - Vinge, Johan Larsson, Claes Henriksson (Legal).

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