Solar simulation technology specialist Eternal Sun has closed a EUR2 Million (USD2.5 Million) Series A financing from Belgian investment firm Vermec.
The investment will be used to expand international sales and service operations.
Leading research institutions, solar module manufacturers and certification authorities rely on Eternal Sun’s solar simulation systems for testing the quality of solar modules and materials.
Chokri Mousaoui, Founder and CEO of Eternal Sun, says: “In an era of continuous improvement of solar modules, our solar simulation systems are in high demand with customers that aim to accurately test the performance and reliability of their solar technology. The capital injection will be used to meet this growing demand.
“We are delighted to have Vermec as an investment partner. The founders of Vermec are successful entrepreneurs, and they invest their own money in other entrepreneurs. As a team, they have a proven track record in scaling up businesses in a fast paced environment and are seasoned in managing growth.”
Michel Verhaeren, CEO of Vermec, says: “We are excited about Eternal Sun because the company focuses on the intersection of the solar industry and quality assurance, both of which are gaining importance worldwide. We are glad to engage with this talented team, and look forward to the upcoming period of development and growth.”
