NexWafe

Freiburg Im Breisgau, Germany Founded: 2015 • Age: 11 yrs
Solar PV wafers are manufactured and supplied to cell producers.
Annual revenue - Latest available
Total funding $120.6M 12 rounds
Employees 26 Tracked headcount
Investors 17 Known backers
Products 1 Services tracked
Competitors 10 Brand Intelligence

About NexWafe

NexWafe is a company based in Freiburg Im Breisgau (Germany) founded in 2015 by Roy Segev. NexWafe has raised $120.59 million across 12 funding rounds from investors including EIT InnoEnergy, Fraunhofer and Reliance Industries. The company has 26 employees as of December 31, 2020. NexWafe offers products and services including EpiNex Wafers. NexWafe operates in a competitive market with competitors including Hanwha, Pennar, NorSun, Daqo New Energy and Otovo, among others.

  • Headquarter Freiburg Im Breisgau, Germany
  • Employees 26 as on 31 Dec, 2020
  • Founders Roy Segev
  • Sectors
    Energy & Utilities
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Nexwafe Gmbh
Operational Areas
Energy & Utilities → Renewable & Clean Energy Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $120.59 M (USD)

    in 12 rounds

  • Latest Funding Round
    $32.15 M (USD), Series C

    May 31, 2023

  • Investors
  • Employee Count
    26

    as on Dec 31, 2020

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Products & Services of NexWafe

NexWafe offers a comprehensive portfolio of products and services, including EpiNex Wafers.

Product name locked
Category locked
Primary

High-efficiency wafers for photovoltaic applications in energy transition.

People of NexWafe

Headcount 10-50
Employee Profiles 7
Board Members and Advisors 6
Employee Profiles
People
Kumara Vamsi Krishna Vandanapu
Technical Lead Engineer And Production Coordinator
People
Frank Siebke
SVP of Strategic Business Development
People
Davor Sutija
Chief Executive Officer
People
Karl Friedrich Haarburger
Chief Operating Officer

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Board Members and Advisors
people
Thomas Koerner
Corporate VP of Modules & Systems Solutions, CSI Solar
people
Marina Groenberg
CEO, Hemma Group AG
people
Bart Markus
Chairman
people
Roy Segev
Co-Founder and Shareholder

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Funding Insights of NexWafe

NexWafe has successfully raised a total of $120.59M across 12 strategic funding rounds. The most recent funding activity was a Series C round of $32.15 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in NexWafe

NexWafe has secured backing from 17 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include EIT InnoEnergy, Fraunhofer and Reliance Industries.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Early-stage startups are targeted for investment by Aramco Ventures.
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Athos Capital is focused on early-stage venture investments.
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Corporate backed venture capital fund focused on multiple sectors
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Investor details for NexWafe

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Investments & Acquisitions by NexWafe

Investments
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Investment portfolio details for NexWafe

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  • Portfolio identities
  • Transaction dates
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Financial Statements - NexWafe

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Detailed financials for NexWafe

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  • Profit trends
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Nexwafe Comparisons

NexWafe Primary company
Description
Solar PV wafers are manufactured and supplied to cell produc...
Location
Freiburg Im Breisgau, Germany
Founded Year
2015
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
26
As of 2020
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Peer comparison for NexWafe

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of NexWafe

NexWafe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hanwha, Pennar, NorSun, Daqo New Energy and Otovo, among others.

Company Name Domain Founded year HQ Location Description
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Manufacturer of solar cells, modules, and other related components
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Precision-engineered products and building solutions are manufactured.
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Mono-crystalline silicon wafers are supplied for the solar energy sector.
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Polysilicon and silicon wafers are manufactured for solar applications.
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Homeowners are connected to solar panel installers via a marketplace.
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Detailed competitors of NexWafe

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Latest news on Nexwafe

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Complete news archive for NexWafe

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  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about NexWafe

NexWafe was founded in 2015.

NexWafe is headquartered in Freiburg Im Breisgau, Germany. It is registered at Freiburg Im Breisgau, Baden-wurttemberg, Germany.

NexWafe is a funded company, having raised a total of $120.59M across 12 funding rounds to date.

As of Dec 31, 2020, the latest employee count at NexWafe is 26.

NexWafe was founded in 2015 in the solar photovoltaic sector. Wafers for solar cells are produced using the Kerfless Wafering Technique, which minimizes raw material wastage and reduces production costs relative to conventional methods. These wafers are supplied to producers of solar cells. Operations focus on efficient manufacturing processes within the renewable energy industry.

NexWafe's top competitors include Pennar, Astronergy and SGL Carbon.

NexWafe offers EpiNex Wafers.

NexWafe has 17 investors. Key investors include EIT InnoEnergy, Fraunhofer, Reliance Industries, European Union, and Aramco Ventures.

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