Funding and M&A Roundup: Solar Cell Manufacturer Exeger Raises $38 Million
Energy storage company ESS Technology merges with SPAC and goes public
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Exeger, the Sweden-based solar cell manufacturer, secured $38 million in financing to start building its new solar cell factory in Stockholm, Sweden. This financing round includes debt financing of $12 million from Swedbank, which is partly underwritten by the Swedish Export Credit Agency under the guarantee of investment credits for companies with innovations. Swedish Export Credit Corporation issued a loan amounting to $8 million, which is partly underwritten by the European Investment Fund. The company has also secured $18 million through a directed share issue to Ilija Batljan Invest, bringing the total financing round to $38 million.
