Katapult’s Post

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We are delighted to celebrate portfolio company ☀ SOLAR MATERIALS ☀ closing their >€12mn Series A funding round. This marks the next step in the revolution of solar panel circularity that the team are spearheading. Based in Germany - the largest solar panel recycling market - the funding will finance the new industrial scale recycling facility in Magdeburg with annual capacity of 500,000 solar panels! We are tremendously proud of the SOLAR MATERIALS team and the scaling up of their unique technology which can deliver a meaningful positive impact to the world. Fridolin Franke, Jan Bargel, Jan-Philipp Mai Tharald Nustad, Carl Strøm Walton, Jonas Skattum Svegaarden bmp Ventures, First Imagine!

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𝙒𝙚 𝙖𝙧𝙚 𝙝𝙖𝙥𝙥𝙮 𝙩𝙤 𝙖𝙣𝙣𝙤𝙪𝙣𝙘𝙚 𝙩𝙝𝙚 𝙨𝙪𝙘𝙘𝙚𝙨𝙨𝙛𝙪𝙡 𝙘𝙡𝙤𝙨𝙞𝙣𝙜 𝙤𝙛 𝙤𝙪𝙧 €12.2 𝙢𝙞𝙡𝙡𝙞𝙤𝙣 𝙎𝙚𝙧𝙞𝙚𝙨 𝘼 𝙧𝙤𝙪𝙣𝙙 🎉 With the new funding we will build our first industrial sized recycling plant in Magdeburg. Therefore, we can increase the annual recycling capacity to 10,000 tons which are about 500,000 solar panels per year ☀️ Special thanks to our investors: bmp Ventures with the IBG funds, First Imagine! and Katapult

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