RISE Technology has secured €1.5 million in seed funding led by Tech4Planet to advance its innovative solar cell manufacturing technology.

Target Company Overview

RISE Technology is an innovative high-tech SME based in Italy, specializing in the manufacturing of machinery and production lines for photovoltaic cells and modules, semiconductors, and biomedical applications. Recently, the company successfully completed a seed investment round, raising €1.5 million. The investment round was led by Tech4Planet, the National Technology Transfer Hub for Environmental Sustainability backed by CDP Venture Capital, with participation from Progress Tech Transfer®, a fund launched by MITO Technology focused on bringing sustainability technologies to market.

Industry Overview in Italy

The photovoltaic industry in Italy has been witnessing robust growth, driven by the increasing demand for renewable energy solutions and sustainable technologies. As the country makes strides toward achieving its renewable energy targets, the need for efficient and cost-effective solar energy production methods becomes critical. Innovations such as selective plating technologies stand to significantly reduce production costs and environmental impact while enhancing performance, thereby reshaping the market landscape.

Furthermore, the semiconductor sector in Italy is also experiencing growth as advancements in digital technology and the Internet of Things (IoT) drive the demand for semi-conducto