TubeSolar raises USD$4.8 million

German photovoltaic (PV) thin-film developer TubeSolar recently raised EUR 4.68 million (around USD$4.8 million).TubeSolar said previously that it intends to use the proceeds to support its growth and for investments in the development of the highly-automated production of its PV modules.

In July 2022, the company reported an efficiency record of 14% on solar films in the industrially suitable "roll-to-roll" process as part of its perovskite research activities.