MTI leads investment in Oxford Photovoltaics

Parkwalk EIS Technology Fund 1, the World Gold Council and a number of angel investors also participated in the round. MTI invested through its UMIP Premier Fund. The lead investor had analysed OPV for a considerable amount of time prior to the investment. It was attracted to the deal because it believes the company has strong potential for commercial success.

Funding will support an acceleration of the company's growth.

Company
Oxford Photovoltaics Limited is an Oxford University spin-out established in 2010. The company is commercialising a new solar cell technology that is manufactured from inexpensive, abundant, non-toxic and non-corrosive materials.

People
David Ward is managing partner at MTI.

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