Giovanni Fili, CEO and Founder, Exeger
Exeger, a Stockholm, Sweden-based company which produces solar cell technology (called Powerfoyle) that transforms all forms of light into clean, endless energy, secured USD 38m in financing.
This included:
USD 20m in debt financing, which were provided by Swedbank and Swedish Export Credit Corporation (SEK); and
USD 18m raised through a directed share issue to Ilija Batljan Invest AB.
The raised funds will be used to build a second solar cell factory in Stockholm with a tenfold capacity by 2023.
Led by Giovanni Fili, Founder and CEO, Exeger has developed solar cell technology that converts all forms of light into electrical power. Powerfoyle can enhance any consumer electronic product it’s integrated into with extended or even eternal battery life, giving solar technology directly to consumers.
Reply
Exeger is at the beginning of its commercial breakthrough and now builds a second factory in Sweden, in order to ramp up production and bring its solar cell technology to consumers all around the world. (Image Credit (Exeger))
STOCKHOLM- MAY 11TH AT 9:00 CET - Exeger (www.exeger.com), the Swedish company which produces Powerfoyle, a unique solar cell technology that transforms all forms of light into clean, endless energy, today announces that it has secured USD 20 million in debt financing from Swedbank and Swedish Export Credit Corporation (SEK). The company has also secured USD 18 million through a directed share issue to Ilija Batljan Invest AB. This will take Exeger s total funding of this financing round to