Saxenhammer & Co. acted as sell-side financial advisor on the €10m capital raise of NexWafe GmbH


Saxenhammer & Co acted as sell-side advisor on the €10m capital raise via private placement of NexWafe GmbH, a high-efficiency monocrystalline silicon wafer manufacturer from Freiburg, Germany.

Investors in the Series B round include Fraunhofer, Saudi Aramco Energy Ventures, GAP Technology Holding, Lynwood Schweiz AG and Bantina Invest Limited. With this additional cash infusion, NexWafe will move forward with further industrialization of its EpiNex™ green high-efficiency solar wafer technology and begin its pilot manufacturing activities.

NexWafe uses in-line epitaxy for production of high-efficiency monocrystalline silicon wafers. By minimizing waste through its direct-gas-to-wafer manufacturing, NexWafe’s Epinex™ wafers are fully compatible with conventional solar cell and module manufacturing with a 70 percent reduction in carbon footprint of conventional wafers and at greatly reduced production cost. Using a proprietary process, a crystalline silicon layer is deposited on a seed wafer and then detached, producing finished wafers with an optimal thinness and superior material properties. The company has a 5MW pilot production facility in Freiburg/Germany, with qualification shipments planned to start in 2021 and plans to raise further capital to support that activity. NexWafe was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015.

The Saxenhammer & Co. deal team was led by Dr. Nicholas Hanser (Partner, Head of Technology Investment Banking), who was supported by Hauke Helling (Vice President) and Claire Liu (Analyst).


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