Exeger, a Swedish company founded in 2008, has pioneered a unique solar cell technology named Powerfoyle, which has garnered significant attention from investors. The company's slogan, "Exeger invented and manufactures solar cells that drive new possibilities for light-powered products," aptly captures its innovative approach. This technology enables the conversion of all forms of light into electrical energy, presenting a wide range of applications in the Energy and Renewable Energy industries. Exeger's Powerfoyle stands out for its resilient, flexible design, allowing seamless integration into various products, making them self-powered. This innovation has the potential to enhance products with extended or even eternal battery life, heralding a new era of consumer products powered by cutting-edge solar technology. With a vision to impact the lives of a billion people by 2030, Exeger aims to revolutionize the perception of available energy, making products both smarter and more sustainable. Notably, Exeger recently attracted a significant €35.00M Debt Financing investment on 19 December 2023, with the European Investment Bank (EIB) stepping in as the investor. This investment underlines the confidence in Exeger's technology and its potential to drive meaningful change. Based in Sweden, Exeger has positioned itself as a frontrunner in the solar energy space, with its disruptive technology and ambitious vision for the future. This latest investment marks a significant milestone for the company as it continues to push the boundaries of what is possible in light-powered innovation.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | €35.00M | 1 | European Investment Bank | 19 Dec 2023 |
Series B | kr179.80M | - | 23 Feb 2023 | |
Series B | kr400.00M | 5 | SEB (Skandinaviska Enskilda Banken), Santhe Dahl Invest | 27 Dec 2022 |
Funding Round | kr178.90M | - | 31 Mar 2022 | |
Venture Round | $18.00M | 1 | Ilija Batljan Invest | 11 May 2021 |