AIX-EN-PROVENCE, France, January 20, 2016 /PRNewswire/ --
Sunpartner Technologies has just raised € 5.2 million (5.6 M$) from ACAPITAL and historical investors. Sunpartner invented the invisible photovoltaic component Wysips® and specializes in solar technologies. Funds will be used to start making large panels of Wysips® Glass for the transportation and construction industries and to continue international expansion, mainly in Asia.
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A New Capital Campaign to Launch Production of Wysips® Glass
This round was marked by the entry of ACAPITAL, a renowned investment fund specialized in helping European mid-size companies expand in Asia. With its international network and its focus in China, A CAPITAL will support Sunpartner Technologies' growth in Asia. Sunpartner Technologies has now raised a total of €45M ($48.7 M) since its creation in 2008 - € 15M ($16M) in 2015 alone.
Wysips® Glass: High-Tech Manufacturing of Smart Glazing in France
This new capital will be used to set up high-tech production facilities in France for transparent, solar Wysips® Glass for large surfaces, with a capacity of 30,000m2 of smart glazing per year. The site will be operational by 2017 and will make next-generation PV modules, which will be integrated into the glazing in partnership with leading manufacturers. This smart glazing is destined for transportation, smart buildings, and net energy positive buildings.
The PV component is integrated into the building's glazing and produces electricity from light, helping reach net positive energy. When coupled with a smart switchable film the window can then power itself.
Sunpartner Technologies Expands in Asia
In 2016, nearly 50% of Sunpartner Technologies' revenue will come from in Japan, with several partners including NTT DOCOMO and KYOCERA. To accelerate Sunpartner's position in Asia, the company is developing new partnerships in Japan, where discussions are underway with around ten companies in the glazing, watch, screen, and accessories industries.
At the same time, the company is expanding in the Taiwanese and Chinese markets, where it has an office in Shenzhen. In China, the first markets targeted are smartwatches, with production starting in summer 2016, and accessories, whose production will launch in Q2 of 2016. Sunpartner Technologies then plans to target the glazing industry in China.
SOURCE Sunpartner Technologies