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German Solar Start-Up Expands in US to Challenge China Dominance
German solar wafer start-up NexWafe GmbH is expanding to the US in an effort to counter China's dominance in the market.
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NexWafe secures funding to build wafer factory in Germany
German wafer manufacturer NexWafe GmbH announced it secured financing of €30 million ($32.0 million) from current and new investors. The company said it will use the funds to move forward with the construction of its planned wafer factory in Bitterfeld, in the district of Anhalt-Bitterfeld, Saxony-Anhalt, Germany.
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NexWafe secures US$32 million to build wafer plant in Germany
Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.
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Philips Lighting joins $7 million round for smart building sensor maker PointGrab
Israel’s PointGrab has raised $7 million in funding for its sensors for smart buildings. The investors include lighting company Philips Lighting; Mitsubishi UFJ Capital Co. (MUCAP), a venture capital arm of Japan’s largest financial group; and existing investors ABB Technology Ventures (ATV).
