Eight19 Secures $1.5M in Funding Round

Photovoltaic module developer Eight19 Ltd. has received £1.3 million ($1.5 million) in their most recent funding round.

Lucros Investment joined existing investors IP Group PLC, Clarium Capital Management LLC and Providence in the round.

“We are delighted to have secured the additional funding, which will allow Eight19 to accelerate commercial engagement with customers through the delivery of complete energy autonomous solutions utilizing our flexible organic photovoltaic,” said Claudio Marinelli, general manager and vice president of business development at Eight19. ”The funding will also enable the company to accelerate the commercialization of a recent technology breakthrough at the Cavendish Laboratory [at] Cambridge University that could enhance the efficiency of conventional silicon solar panels by up to one quarter.”

Eight19 is a developer and manufacturer of organic photovoltaic modules on plastic using roll-to-roll production processes.