With flexible solar sheets, Crystalsol is revolutionising the photovoltaics industry.

You have the once in a lifetime chance to, together with the lead investor ARAX Capital Partners, take part in the innovative and revolutionary business of Crystalsol and to profit from their future success.

„What would happen if solar modules were flexible, light and simple sheets?”

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Company History

The company Crystalsol GmbH, founded in 2008, has its Austrian headquarters in Vienna, where the majority of the research and development activities take place, with the main focus on product development. As well as these activities the finishing is also carried out directly in Austria. The production of the semi-conductor powder takes place in the crystalsol OÜ, Estonia (Tallinn). By now both locations employ 29 people.

Through the intensive collaboration with a number of research partners throughout the whole world (Germany, Estonia, Portugal, Singapore), it has been possible to increase the efficiency of the technology from 1% to almost 10%. The business is currently about to enter the market with its first customers in the BIPV-area (building-integrated photovoltaics).

At the beginning of 2013 the business was able to successfully achieve the first round of funding totalling EUR 8 million and, as a result of this round of financing, won some very important investors and partners.

At the end of 2014 Crystalsol also received support from the climate and energy fund, totalling EUR 3.2 million, for the further development of the technology.

Next Steps

  • 2015: Market entry with test customers middle of the year
  • 2015/16: Optimisation of the technology for use in the BIPV-area as well as cost-effective set-up of the production process
  • 2017: Large scale production through a production partner

In the long term an efficiency rate of 20 % (with a theoretical maximum value of 34 %) should be achieved for the sheets.

Team

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Rumman Syed
CEO
Biography
Rumman Syed holds a Masters degree in Engineering from the University of Durham (UK). He has more than 10 years of experience in various management positions in hi-tech industries and in the directing of his own start-up.
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Axel Neisser
CTO
Biography
Dr. Axel Neider studied Physics in Manchester and Berlin and is responsible for the technical direction. Before crystalsol™ he was, among other things, CTO for five years, concerned with the development and production of photovoltaic facilities.
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Dieter Meissner
Scientific management
Biography
Prof. Dr. Dr.h.c. Dieter Meissner is co-founder and Chief Scientist at crystalsol™. He has been involved in the development of photovoltaic elements at several universities and research institutes in Europe, the USA and Asia, and took over the crystalsol™ basic technology from Monograin Membrains in 1990.
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Christian Tiringer
Leadinvestor, ARAX Capital Partners
Biography
The driving force and visionary of ARAX Capital Partners is Christian Tiringer, co-founder and partner. Active for over 15 years as an entrepreneur in the hi-tech industry, he built up several internationally active businesses.
After the successful completion of his studies at the Technical University of Vienna, the technology expert completed post-graduate studies in business, law and economics.

Investment Info

Finished
113% financed
84 400 invested
131 inwestorów
Vienna, Austria
Company Info
29 Employees
2008 Founded

Participation Type: Subordinated Dept
Minimum amount subscribed: 100€
Company value before shares: 7 690 000€
Maximum amount subscribed: 5 000€
Company name: crystalsol GmbH

Contact Information