Solaris Photonics raises £600k in seed funding via Envestors to advance its photovoltaic technology.
The seed round was facilitated by Envestors and brings 23 new backers to the company.
Share allotment filed at Companies House
Solaris Photonics is a technology company developing photovoltaic systems and related applications.
Solaris Photonics has raised approximately £600k in a seed funding round facilitated by Envestors. The capital will enable the company to test the Solaris Photonics Multiplier prototype, support the Innovate UK Alkaline Photovoltaic project, and manage its patent portfolio.
The raise brings 23 new investors to the company alongside a reconstituted board as it prepares for the next phase of commercialisation.
From the founder
"The first half of 2017 has been tremendously exciting for Solaris, with substantial technical and commercial progress transforming the Company. With the seed fundraising completed, Solaris’ team is looking forward to focusing on the core product development for the remainder of the year"
Niall Haughian
Chief Operating Officer at Solaris Photonics
Investor perspective
"We are pleased to announce that the company has successfully raised funds necessary for its innovative technology to progress to a next stage of testing its prototype. Now Solaris is equipped with 23 new experienced investors and strong board, which is ready to take the company to commercialisation"
Scott Haughton
Director, Envestors
Use of funds
- 01Continue product development
- 02Fund research and development
- 03Build out infrastructure
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About the company
Solaris Photonics
Solaris Photonics develops advanced photovoltaic technology.