Sol Voltaics Secures $17M in C-Round Funding
LUND, Sweden, May 13, 2016 — Advanced materials startup Sol Voltaics has reported a $17 million round of equity investment and grant funding to accelerate commercialization of its nanowire solar film tandem-layer technology. The Series C funding round was led by new investor Riyadh Valley Company, the venture capital investment arm of King Saud University in Riyadh, Saudi Arabia. Long-term investors Umoe, FAM, Industrifonden, and Nano Future Invest contributed to $12.5 million in equity invesment. In addition, the