Fraunhofer ISE Spin-off NexWafe GmbH Closes EUR 8 Million Financing
NexWafe GmbH is commercializing a technology developed at Fraunhofer ISE for epitaxial fabrication of silicon wafers for photovoltaics. Today the company the completion of Euro 8 million financing. The round was led by Saudi Aramco Energy Ventures (SAEV) and included Green Gateway Fund 2 (GGF2) advised by Wermuth Asset Management GmbH (WAM) and existing investor Lynwood (Schweiz) AG. Funds will be used for the commissioning of NexWafe’s 5MW wafer production line in Freiburg, and for initial customer qualifications.
In NexWafe‘s disruptive EpiWafer process, crystalline silicon layers are deposited on seed wafers and subsequently detached to produce freestanding wafers, of any desired thickness without kerf loss.