Swedish solar cell company Exeger raises €5.1 million from Fortum. Following the deal, the company is now valued at €100 million.
Exeger has developed a type of flat solar cells. "The consensus in the industry was that it was not possible to make solar cells in the way we make solar cells, that it just did not work. But we managed to do it, and we do it every day on a large scale," Giovanni Fili told Swedish publication Di Digital.
The new funding will primarily be used to scale up production capacity.
Read more: Breakit (Swedish)