PV Nano Cell's copper inks for printed electronics attract $3.5m
4 September 2013
Israeli company PV Nano Cell Ltd, which develops materials for
inkjet printing of conductive patterns in solar cells and printed
electronics, has completed a funding round of about $3.5 million.
The round was led by the Infinity IP Bank of China, with
participation from the Israel Electric Corporation's Karat program,
Slobel of Belgium, and Israeli venture capital fund Terra Venture
Terra VP was also the seed investor with about $1.5m. To date, PV
Nano Cell has raised an approximate total of $5.5 million from
investors, including the Chief Scientist at the Israeli Ministry of
Economy and the Ministry of Energy and Water resources.
PV Nano Cell (PVN) says its technology can achieve significant
cost reduction in the manufacturing process of silicon cells as well
as in printed electronics through inkjet printing of inks based on
nano metric crystal materials. It claims its conductive inks can
give savings of 20% on cost per watt for silicon cells as well as
substantially reducing hazardous waste effluents in the production
PVN is introducing to the market conductive ink based on stable
nano copper particles that have excellent ink stability, printing
and conductive properties and low prices, as the inks are based on
cheaper copper — $ 8/kg for copper versus 750/kg for silver).
Currently, the company is in the advanced stages of forming a
joint venture in China, with a $2.5 million fund invested by the
PV Nano Cell was founded in early 2010 by Dr Fernando de la Vega,
a chemist and expert on nano-metric materials. According to de la
Vega, who currently serves as the company's CEO, the technology
developed by the company is not limited to printing photovoltaic
cells, but is also expected to be utilized in other fields.
"The company is stimulating great interest from potential
investors and customers, mainly because the inks that we've
developed allow for significantly reduced costs in the printing of
conductive patterns. So far, we have focused on the photovoltaic
market, we intend to expand by applying our technologies to
additional applications, such as printing of various flexible
electronic devices," said Dr de la Vega.