Fraunhofer Society has participated in a series B round for its solar wafer technology spinout, which also attracted Saudi Aramco.

NexWafe, a Germany-based silicon wafer fabrication technology spinout of Fraunhofer Society’s Institute for Solar Energy Systems, closed a €10m ($12m) series B round yesterday featuring Fraunhofer itself. Saudi Aramco Energy Ventures, the corporate venture capital arm of petroleum company Saudi Aramco, also joined the round together with Gap Technology Holding, Lynwood Schweiz and Bantina Invest.…

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