Israeli Cleantech Start-up Raises $6 Million

Jan 30 2009 | 10:48am ET

BrightView Systems, an Israeli cleantech start-up developing photovoltaic systems, has raised $6 million in a first financing round from Israel Cleantech Ventures Fund and Germany’s Hasso Plattner Ventures.

“BrightView is focused on perfecting the production process of photovoltaic-based solar-cells,” said Benny Shoham, BrightView’s co-founder and CEO, in a statement. “Our tools are designed to deliver a solution suite that uniquely addresses some key production gaps while optimized to meet the particular needs of the most advanced solar-cells manufacturers.”

Shoham said the money raised will be used to bring the company’s first solution to market in 2009.

The Israel Cleantech Ventures Fund was established in 2006 to provide growth capital to businesses in Israel’s energy, water and environmental sectors. The fund has $75 million under management and has, to date, invested in nine companies.

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