Odersun Raises $90 Million

Odersun AG, a Frankfurt, Germany-based maker of thin-film solar products for power plants and building integrated solutions, has raised EUR 40 million ($59m) in Series B funding. Virgin Green Fund and AGF Private Equity co-led the round, and were joined by return backers Doughty Hanson Technology Ventures and China's Advanced Technology & Materials. Odersun also raised an additional EUR 21 million in grants from the federal state of Brandenburg, to build its second factory.

PRESS RELEASE

Odersun AG, a leading developer and manufacturer of flexible thin-film CIS solar cells, modules and applications for power plants and building integrated solutions (BiPV), announced today that it has secured EUR 61 million ($90 million) of funding, including