Funding

Oxford Photovoltaics, the clean technology startup raises celebrates £8m funding

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What does Oxford Photovoltaics do?

Oxford Photovoltaics, is an innovative spin from the University of Oxford. This clean technology startup designs and manufactures hybrid organic photovoltaic systems for building integrated applications.

Oxford Photovoltaics specializes in development of perovskite solar cells, which is described as the fasted improving solar cell technology ever. This technology has the capacity to boost the performance of the current solar cells by 20%. Apart from this Oxford PV has also developed a version of the cells which can be coated onto the architectural glass, creating onsite power generation which can deliver a significant amount of  skyscrapers’ electricity demand effectively turning the building into a vertical solar farm.

 

How much Oxford Photovoltaics was funded?

The clean technology startup raised £8m on March 6th, 2015 to help its solar glass technology towards commercialization. This £8m investment is more than double the equity raised by 30 strong company to date. The investors of the latest funding round are University of Oxford, MTI Partners Ltd, Parkwalk Advisors and Longwall Venture Partners LLP.

 

Previous funding

 

  • £650kin Series A funding on July 21st, 2011 by MTI and Parkwalk Advisors Ltd
  • £2Min Series B funding on February 11th, 2013 by MTI and Parkwalk Advisors Ltd

 

What is next for Oxford Photovoltaics?

 

The Series B funding of 8 M pounds investment more than doubles the equity raised by the company to date. The new funding will enable the green technology startup to accelerate development of its world leading technology and extensive IP portfolio. These funds are to be used to accelerate the company’s development and secure their leading global position in the new technology.

 

More about Oxford Photovoltaics

Oxford Photovoltaics is a spin out from the Oxford University’s Physics department to build integrated applications.Its products use solid state dye sensitized technology and delivers manufacturing processes based on simple screen printing using plenty of low cost organic materials.