Sol Voltaics raises $17 mln in grant funding, Series C led by Riyadh Valley
Riyadh Valley Company, the venture capital investment arm of King Saud University in Riyadh, Saudi Arabia, led a Series C funding round in Sol Voltaics, a Swedish advanced materials start-up. Long-term investors Umoe, FAM, Industrifonden and Nano Future Invest also contributed to the $12.5 million in equity. The Swedish Energy Agency and the European Union's Horizon 2020 research program kicked in an additional $4.5 million in grants.
11 May 2016•4 mins read
