On April 22, 2026, Magdeburg-based SOLAR MATERIALS announced a Series B financing round of up to 20 million EUR. New investors EIC Fund and NOVA by Saint-Gobain joined existing investors bmp Ventures with the IBG Funds and First Imagine!. The company will use the funding to accelerate industrial scaling in Europe, build new sites, and strengthen its position in the European PV recycling market. NOVA by Saint-Gobain is described as a strategic industry partner for circular economy applications, with recycled glass from the process already integrable into float glass production.
About SOLAR MATERIALS
SOLAR MATERIALS develops a process to recover valuable materials from decommissioned solar modules, including glass, aluminum, copper, silver, and silicon. The company focuses on crystalline silicon modules and offers a patented recycling process for high-purity material recovery at industrially usable quality.
Magdeburg, Germany
Read Company ProfileFrequently Asked Questions
What type of funding round did SOLAR MATERIALS raise?
SOLAR MATERIALS raised a series-b round.
How much did SOLAR MATERIALS raise in its series-b?
SOLAR MATERIALS raised $20,000,000 EUR in its series-b.
When did SOLAR MATERIALS raise its series-b?
SOLAR MATERIALS raised its series-b on 2026-04-22.
Who invested in SOLAR MATERIALS's series-b?
The investors in SOLAR MATERIALS's series-b are: EIC Fund, NOVA by Saint-Gobain, bmp Ventures, IBG Funds, First Imagine!.
What type of investment was SOLAR MATERIALS's series-b?
SOLAR MATERIALS's series-b was a equity investment.
How will SOLAR MATERIALS use the funds from its series-b?
SOLAR MATERIALS plans to use the funds for: accelerate industrial scaling, build new locations, strengthen position in the European PV recycling market.