ChemiTek has secured a new €1.2m investment round from Ganexa Capital - lead investor, along with Statusmaneuver and EDP Ventures.

"It is an investment to expand our reach in the international market, for the enhancement of our sustainable solutions, especially in the solar sector, and for new hires," says founder and CEO César Martins.

In addition to the investors mentioned above, the company, still continues to have as reference shareholders Portugal Ventures, SBS StartupBraga, Braincapital and Summa GP.

ChemiTek is a company dedicated to the development, production and marketing of customized and innovative solutions for industrial maintenance and cleaning, with particular focus on the solar energy sector. In an industry dominated by global giants, research and development are critical to ChemiTek's competitiveness, giving the company the necessary capacity to test new raw materials and formulas, creating and developing sustainable and innovative chemical products, such as Solar Wash Protect and Industrial Glass Protect, certified by laboratories like TÜV Sud and CVR.

César Martins believes that "with 70,000 solar panels being installed every hour around the world, ChemiTek's value proposition will be a great ally in ensuring the efficiency and cleanliness of these energy-producing surfaces, reducing energy losses caused by dirt in the solar park".

Diamantino Costa, Managing Partner of Ganexa Capital highlights the following: "We, at Ganexa, were excited early on about the possibility of becoming investors and partners of ChemiTek. We think it is a unique company in Portugal and we wanted to promote a way to attract even more capital to this project, leveraging our investor club logic." In turn, André Coelho Santos, representing Statusmaneuver, adds that "it was in this logic of partnership, either with the company or with co-investors such as Ganexa Capital, that we decided to be part of this project, seeking to add value by bringing to the table a set of investors that can complement in terms of know-how and an eminently international network, the shareholder base of the company."

Luís Manuel, executive director of EDP Ventures, highlights that "The EDP group is committed to being carbon neutral already in 2030 and, to achieve this ambitious goal 20 years ahead of schedule, renewable energy production is fundamental, in which solar energy will be a key piece. ChemiTek enables us not only to increase the output of solar panels, maximising renewable energy generation, but also to reduce the need for cleaning and maintenance interventions in solar farms, which will be key to accelerating the introduction of solar energy in our grids."

Although still in its early stages, ChemiTek is making progress towards a cleaner future by consolidating its presence in international markets, and by creating biodegradable and revolutionary solutions for cleaning not only solar panels, but also glass surfaces, quickly and efficiently for different types of dirt, optimising the use of water in the washing process.