Oxford Photovoltaics

Oxford Photovoltaics Limited (Oxford PV) was founded in 2010 as a spin-out from the University of Oxford to commercialise a new technology for thin-film solar cells. Our Co-Founder, Prof Henry Snaith, was amongst the first in the world to recognise the potential of a chemical structure called perovskite to act as a low-cost, highly efficient solar cell absorber material to convert sunlight into electricity. Our vision is to transform the profile of solar power and energy generation through the commercialisation of the perovskite solar cell - the most rapidly improving solar technology ever seen. Our perovskite photovoltaic cells will enable a ‘boosting’ of the performance of regular solar cell technologies such as silicon and CIGS by adding a perovskite tandem layer to improve the absorption of sunlight. Moreover, through the deployment of solar cells in areas where solar has traditionally struggled, for example the glass façades of high-rise commercial or residential buildings. In both cases, allowing solar energy to contribute a much higher proportion of electricity than is possible today, and helping to position PV as a significant factor in the global energy market. We plan to go to market by licensing our technology to PV cell/module manufacturers, for residential and utility PV and, for BIPV applications, major glass manufactures and processors in the building construction industry. Having just closed an £8m equity funding round, Oxford PV is well funded allowing the research and development team, led by Chief Technology Officer, Dr Chris Case, and Chief Scientific Officer, Prof Henry Snaith, to move swiftly towards the manufacture and delivery of materials and process technology that meet internationally accepted standards and specifications for photovoltaic products. Under the leadership of Co-Founder and Chief Executive Officer, Kevin Arthur, Oxford PV is expanding rapidly and has grown from a staff of just one to 30 in four years.
Company Growth (employees)
Type
Private
HQ
Oxfordshire, GB
Founded
2010
Size (employees)
37 (est)+3%
Oxford Photovoltaics was founded in 2010 and is headquartered in Oxfordshire, GB

Key People/Management at Oxford Photovoltaics

Frank Averdung

Frank Averdung

Chief Executive Officer
Chris Case

Chris Case

Chief Technology Officer
Henry Snaith

Henry Snaith

Co-Founder and Chief Scientific Officer
Alain Blosse

Alain Blosse

VP Research & Development

Oxford Photovoltaics Office Locations

Oxford Photovoltaics has an office in Oxfordshire
Oxfordshire, GB (HQ)
Woodstock Rd

Oxford Photovoltaics Financials and Metrics

Summary Metrics

Founding Date

2010

Total Funding

$33 m

Latest funding size

$10 m

Time since last funding

11 months

Investors

Oxford Photovoltaics's latest funding round in January 2017 was reported to be $10 m. In total, Oxford Photovoltaics has raised $33 m

Oxford Photovoltaics Financials

GBP

Net income (FY, 2016)

(4.7 m)

EBITDA (FY, 2016)

(4.7 m)

EBIT (FY, 2016)

(5.2 m)

Cash (31-Dec-2016)

15.6 m
GBPFY, 2014FY, 2015FY, 2016

EBITDA

(2.7 m)(3.8 m)(4.7 m)

EBIT

(2.9 m)(4 m)(5.2 m)

Pre tax profit

(2.9 m)(4 m)(5.1 m)

Income tax expense

188.3 k187.6 k448.5 k
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

480.7 k103.1 k1.3 m740.2 k9.5 m15.6 m

Accounts Receivable

10032 k37.2 k170.9 k

Current Assets

100512.7 k140.3 k1.5 m1.1 m9.9 m16.8 m

PP&E

18 k41.6 k518.6 k600.8 k1 m6.3 m
    GBPFY, 2014FY, 2015FY, 2016

    Net Income

    (2.7 m)(3.8 m)(4.7 m)

    Cash From Operating Activities

    (3.5 m)(4.6 m)

    Cash From Financing Activities

    12.6 m16.8 m

    Net Change in Cash

    8.7 m6.1 m
      Y, 2016

      Financial Leverage

      1.1 x
      Show all financial metrics

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