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July 22, 2007
Dresden Solar Tech's Heliateck Gets Strategic Funding
Dresden, Germany's Heliatek has raised funding from Wellington along with BASF and Bosch. This is the startup's first round of funding led by an institutional VC-- the a:c euro reported its seed round last October. BASF and Bosch are each investing 1.6M Euros. The announcement was supported by the German government which says it will be investing in this sector alongside BASF and Bosch.
Heliatek is commercializing organic thin-film technology to make solar cells.
One item of note here is that the deal shows that the High-Tech Gründerfonds, despite investing at a fast clip is making some good calls, choosing ventures with solid potential.
Read - announcement
Posted on July 22, 2007 08:32 PM | Posted to Alternative Energy | Permalink
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