NexWafe Raises €10M in Series B Funding
Summary
The company intends to use the funds to With this additional cash infusion, NexWafe will move forward with further industrialization of its EpiNex™ green high-efficiency solar wafer technology and begin its pilot manufacturing activities. As the company moves into its next stage, it is also intensifying discussions with potential partners to commercialize the technology. Led by CEO Davor Sutija, NexWafe makes makes high-efficiency monocrystalline silicon wafers called EpiWafers, which provide solar panel manufacturers with higher efficiency and yield at a lower cost of traditional monocrystalline Cz-Si, all without having to retool their production lines. The company’s technology also allows for production of ultra-thin wafers, already demonstrated in its pilot line in Freiburg, providing a roadmap to next-generation ultra-thin and tandem architectures. Bart Markus, a member of the Board of Directors of NexWafe since 2019, succeeds Mr. Pauli as Chairman.