Noerr has advised the Dresden-based solar enterprise Heliatek on a Series D funding and the conclusion of a loan agreement with the European Investment Bank (EIB).
The total volume – including public subsidies – comes to around EUR80 million.
The funding consists of equity capital of EUR42 million, a loan for EUR20 million and around EUR18 million in public subsidies.
The investors in this funding round, which is one of the largest in the greentech sector over the past few years and was led by innogy SE, included ENGIE, BNP Paribas and CEE Group as well as the existing investors AQTON SE, BASF Ventures, eCAPITAL AG, High-Tech Gründerfonds, Innogy Venture Capital, TUDAG and Wellington Partners.
Heliatek is a manufacturer of organic photovoltaic products. The company was established in 2006 as a spin-off joint venture of Dresden Technical University (IAPP) and the University of Ulm and today has around 85 employees at its Dresden site and the plant in Ulm. The funds now raised serve to set up a manufacturing plant in Dresden.
A Noerr team led by the Dresden partner Sebastian Voigt and the Frankfurt partner Sebastian Bock advised Heliatek on the funding round.
