CEO: Thibaud Le Séguillon
|Developing the next generation
Based in Dresden – in the centre of a region that possesses one of the most dynamic solar industries in the world - Heliatek is engaged in the development and production of organic solar cells, the next generation of photovoltaic technology. Founded in 2006, the joint spin-off of the University of Dresden and the University of Ulm is working on a technology to build large-scale modules on cheap, flexible substrates using a roll-to-roll production process while maintaining efficiency at the market levels and with the lifetime required for the mass market. Heliatek started with a seed investment from the German semi-public High-Tech Gründerfonds in September 2006. Wellington invested together with strategic investors BASF (on the materials side) and Bosch (on the system-integration side) in the first institutional funding round of Heliatek in June 2007. In November 2009, Wellington Partners led a Series B round of €18 million which is earmarked for building an initial production facility in Dresden.
First investment: June 2007