Technology_montage
Eight19

Eight19, next generation solar technology

Lucros Investment acquires shareholding in Eight19


Haarlem, The Netherlands, July 7th, 2017 – Lucros Investment today proudly announced the investment in Eight19, the world leader in energy harvesting solutions powered by flexible organic photovoltaics (OPV), Lucros Investment (Netherlands) joined existing investors IP Group, Clarium and Providence in the £1.3m round.  The new investment follows two years of continued improvement in OPV performance, advancements in manufacturing readiness and an increased engagement with customers in the retail, FMCG and IoT sectors.

Nick Stokman, Investment Manager at Lucros Investment, who joins the Board of the Company, said “Based on our experience in the renewable energy market, we believe that Eight19’s commercialization expertise in thin film manufacturing coupled with the ground breaking photo physics innovation from Sir Richard Friend’s group at the Cavendish Laboratory can deliver a very exciting and disruptive product in the field of photovoltaics renewable energy.” 

Claudio Marinelli, general manager and VP Business development at Eight19, “We are delighted to have secured the additional funding which will allow Eight19 to accelerate commercial engagement with customers through the delivery of complete energy autonomous solutions utilizing our flexible OPV.  In addition, the funding will also enable the Company to accelerate the commercialization of a recent technology breakthrough at the Cavendish Laboratory, Cambridge University that could enhance the efficiency of conventional silicon solar panels by up to one quarter.”

Robert Trezona the Head of Cleantech at IP Group commented, “We are excited by the progress Eight19 are making with commercialization of their OPV business and believe their work with Cambridge University on thin film technology to enhance the performance of conventional silicon solar panels is highly innovative and has huge business potential”.    

Edwin Berkhout, Director Lucros Investment, “I am proud to include Eight19 in the portfolio of Lucros Investment, with this investment Lucros is vastly becoming the cleantech investor of The Netherlands. I look forward in working together to accelerate the path to profitability of OPV business and develop a new thin film technology to improve the efficiency of Si photovoltaics”

About Lucros Investment:

Lucros Investment participates in ventures that capitalize on the trend 'sustainable and smart society' with technical innovations that have the capability to disrupt current thinking. We are a hands-on investor offering capital, practical knowledge and a worldwide network. Established in 2014, Lucros Investment is perfectly positioned to bridge the gap between seed and venture capital.

About Eight19

Eight19, which takes its name from the time it takes sunlight to reach the earth - 8 minutes and 19 seconds - is a developer and manufacturer of organic photovoltaic (OPV) modules on plastic using roll-to-roll production processes.  Originating from technology initially developed at Cambridge University in the UK, these thin, flexible, robust and light-weight solar modules benefit from high-speed manufacturing and low fabrication costs.  Eight19 combines world leading expertise in roll-to-roll manufacture of OPV with the know-how required to integrate energy harvesting, power management, sensors and wireless data transmission technologies to deliver solutions for consumer products, Internet of Thing, advertising and retail logistics In a connected digital world where access to clean electrical power is becoming more important than ever, Eight19’s technology can provide power where it’s needed.  

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More information:

Lucros Investment BV.
Eline Bossen, Office Manager
T: +31 23 751 0800
E: e.bossen@lucros-group.eu   
P:  Lucros Investment BV, Tempeliersstraat 23, 2012 EA Haarlem
W: www.lucros-group.eu

Eight19:
Claudio Marinelli
T: +44 (0)7826 871573
E: claudio.marinelli@eight19.com
W: www.eight19.com  

Address details

Lucros Investment BV.
Tempeliersstraat 23
2012 EA  Haarlem
T. +31 23 751 0800
E. info@lucros-group.eu