Break-through solar technology provider Exeger joins Valkea portfolio

Fortum has recently made a follow-on investment in a Swedish growth company Exeger (www.exeger.com www.exeger.com - External link), offering world-changing solar cell technology. With the recent investment, Exeger becomes the newest addition to Valkea’s portfolio. During the latest round, Exeger raised funds from shareholders and related parties to prepare for its mass-scale commercialization. Fortum first invested in Exeger in 2016 and has since been actively supporting the company.



“We are very impressed by Exeger’s light-charging technology and how it makes sustainable energy accessible for people around the globe”, says Ilkka Lassila, the COO of Valkea Growth Club. “The team has also a great track record in growing the business, and we believe that there are lots of opportunities for cross-portfolio learnings. We are excited to work closer together going forward”, Ilkka continues.



Exeger will continue the roll-out of the Powerfoyle® technology and capacity investments to enable further production ramp-up. “We focus on improving products that are already used by millions of people. As the number of products and solutions that can powered with our material increase, we are contributing to a higher degree of energy independence. Our vision is ambitious: to touch the lives of a billion people and build the next generation of Swedish industry”, Mr. Giovanni Fili, CEO of Exeger ends.





For more information, please contact:

Ilkka Lassila, COO at Valkea Growth Club

ilkka@valkea.club

+358405243217

www.valkea.club www.valkea.club - External link

ABOUT EXEGER

Exeger is a Swedish company with a unique solar cell technology that converts all forms of light into electrical energy. With its resilient and flexible design, the material named Powerfoyle can be seamlessly integrated into all products that benefit from being self-powered. Powerfoyle can enhance any consumer electronic product it is integrated into with extended or even eternal battery life, putting the power of cutting-edge solar technology directly into the hands of consumers. By revolutionizing the perception of available energy, Exeger makes products both smarter and more sustainable – with the vision to touch the lives of billions of people by 2030.