Estonian PV Start-Up Crystalsol Closed 2,5 Million Euros First Round
Estonian Crystalsol, a photovoltaic developer, closed 2,5 million euros first round financing two weeks ago by Conor Venture Partners, Energy Future Invest and public agencies (a link to press release).
Crystalsol's revolutionary technology, now on prototype level, enables the solar based electricity generation at the cost levels competitive with the conventional energy sources. " The use of proceeds include for further development of the semiconductor material, upscaling the production as well as module process design" said Jari Mieskonen, Managing Partner at ConorVenture Partners last week.
Crystalsol targets commercialization within the next three years: the technology is applicable for all grid connected solar installations. The next round will follow within the 18 months estimated Jari Mieskonen.
Aito Technologies secures financing from Conor Venture Partners
Aito technologies secures financing from Conor Venture Partners. Conor Venture Partners have recently taken Mr Jari Mieskonen aboard to become a Managing Partner. Mr Mieskonen has also joined the Board of Directors in Aito with the investment. The amount invested is not disclosed, but it will help Aito in the product developement and market growth (Press release).
