MTI et al. invest in Oxford Photovoltaics

The financing was led by MTI through its UMIP Premier Fund (UPF) alongside investment from the University of Oxford and a number of private investors.

MTI supported OPV's spinout in 2011.

The fresh capital will allow OPV to build up its technical and commercial teams and construct its own product development and test facilities at the Begbroke Science Park near Oxford.

Company
Founded in 2011, Oxford Photovoltaics is an Oxford University spinout commercialising solid-state dye-sensitised solar cells for the photovoltaic energy sector.

The company develops new, transparent solar cells that can be produced from inexpensive, abundant, non-toxic and non-corrosive materials and be scaled to any volume.

People
Kevin Arthur is the CEO of OPV. David Ward is a managing partner and head of cleantech investing at MTI.

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