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Home > Latest News > £1.35m investment for QuantaSol

£1.35m investment for QuantaSol

QuantaSol, a Surrey-based solar cell business, has received £1.35m of investment from a syndicate of investors. Low Carbon Accelerator, who co-led the deal with Imperial Innovations, has invested £480,000 and has gained a 15.34% equity stake in return. Sheffield University Enterprise and Netscientific Ltd are amongst the other investors. Numis Securities’ stake also sees their Chief Executive Officer, Oliver Helmsley, join QuantaSol’s board as a non-executive director.

QuantaSol was formed in 2006. Their aim is to develop PV (solar photovaoltaic) cells which can be utilised to produce power when combined with mirrors and lenses using the expertise of many senior academics from the UK and throughout Europe, such as Dr. Massimo Mazzer from the National Research Council of Italy, Imperial College London’s Professor Keith Barnham and John Roberts from The University of Sheffield. This latest cash injection will be used to further the development prototypes of its ‘Quantum Well Photovaltaic cells’ and to promote their products and expand their customer base.

Chief Executive of QuantaSol, Kevin Arthur commented, “We are very grateful for the support that we have received from Low Carbon Accelerator and are looking forward to working with them and the rest of the investor group to take QuantaSol forward to become a major global supplier of third generation, high efficiency solar cells.”

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