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Published: 15 Feb 2021, 13:35
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Image: Power Roll.
Flexible solar company Power Roll hailed the success of two funding rounds, with a total £5.8 million investment to enable the company to scale-up manufacturing.
It received equity investment from 7 Ventures (i7v), Kero Development Partners and RAB Capital of £3 million. Additionally, it converted £1,250,000 loans into equity as part of the government’s Future Fund scheme.
The Future Fund scheme was launched to support businesses affected by COVID-19, including those pre-profit that rely on equity investment. The scheme initially offered £250 million of government investment matched by private investment, but has since been expanded. It opened in May 2020, and closed in January 2021.
UK solar innovator planning unique thin film pilot
UK-based company Power Roll has picked up £5.8 million in investment over the past six months and plans to begin pilot production this year. The company has developed a unique flexible thin-film technology, which promises to combine both solar generation and storage.Power Roll, a technology startup based in the north of the UK, this week announced that it has raised £5.8 million (US$8 million) from various investors over the past six months, and expects to begin pilot production of its flexible thin-film PV technology later this year. The success of our latest funding round will ensure that we .