# Oxford PV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oxford-pv

- Industry: Materials
- Headquarters: Oxford, UK
- Website: www.oxfordpv.com
- Total disclosed funding: $22M
- Latest round: Series B (Feb 26, 2015)
- Investors on record: 5

## About

Based in the UK, Oxford PV is a solar technology company focused on the development of advanced perovskite tandem solar cells, enhancing energy conversion efficiency and promoting sustainable energy solutions.Oxford PV, founded in 2010 in Oxford, UK, focuses on solar technology innovations. The company has secured Series D funding of GBP 75.10 mn on March 14, 2019, from investors including Goldwind Science & Technology and Meyer Burger Group. The total amount raised is GBP 75.10 mn, with a current company valuation of GBP 165.03 mn. The founding team includes Kevin Arthur and Paul Vickery, and the CEO is David Ward.Oxford PV specializes in the development and commercialization of perovskite tandem solar cells, offering high-efficiency solar modules that combine perovskite materials with traditional silicon cells. These products are designed to capture a broader spectrum of sunlight, making them suitable for a wide range of applications including aerospace, electric vehicles (EVs), and large-scale solar installations. They serve a diverse clientele, including solar park operators and manufacturers across North America, Europe, and Asia, addressing the increasing demand for renewable energy solutions.Oxford PV operates on a business model centered around B2B transactions, partnering with manufacturers, energy providers, and large-scale solar project developers. Their revenue strategy relies on direct supply agreements for solar modules, reflecting the high efficiency of their tandem solar cells, which currently achieve efficiencies of 25%. The company focuses on high-value partnerships to align with the global shift toward renewable energy, although specific revenue details are not publicly disclosed.With the recent Series D funding of GBP 75.10 mn raised in March 2019, Oxford PV plans to begin manufacturing and expand its production capacity. The company aims to launch new products designed to further increase solar energy efficiencies, while also targeting expansion into new markets across North America, Europe, and Asia by 2023. This funding will be critical to support these initiatives and enhance their footprint in the growing renewable energy sector.

## Funding rounds

- Series B, Feb 26, 2015, $13M — MTI Ventures, Parkwalk Advisors, Longwall Ventures, University of Oxford
- Series A, Jan 7, 2013, $8.5M — MTI Ventures
- Series A, Jun 3, 2011, $1.2M — MTI Ventures, Parkwalk Advisors, World Gold Council

## Investors

- MTI Ventures (https://capitalatlas.ai/funds/mti-ventures) — Series A, Series B
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Series A, Series B
- World Gold Council — Series A
- Longwall Ventures (https://capitalatlas.ai/funds/longwall-ventures) — Series B
- University of Oxford — Series B