Chalmers-backed Swedish Algae Factory hopes to commercialise silicon materials made from a subtype of algae with qualities favourable to trapping light and blocking UV rays.
Swedish Algae Factory, a Sweden-based solar cell material manufacturer backed by Chalmers University of Technology, has received an unspecified sum from VC firm Walerud Ventures and private investor Jan Svärd.
The round also included other undisclosed, existing investors.
Founded in 2013, Swedish Algae Factory is working on silicon materials made from a unicellular, nanoporous form of algae known as a diatom that possesses silicified cell walls conducive to trapping light and blocking UV rays.
The approach will…
