OPV spin-off raises £1m

Nov 12, 2014   //   by admin   //   News

The CIKC spin-out company Eight19, which is working on low-cost organic photovoltaics (OPV) technology, has raised another £1 million of equity finance. The latest investment was led by UK-based IP Group and one of its managed funds, with existing investors also supporting the round. 

According to Eight19 - whose name reflects the time taken for solar photons to reach Earth - the money will be used to further develop its proprietary production processes in anticipation of future volume manufacturing, and to aid other commercial activity.

More details visits: www.eight19.com