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Flisom

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Next Generation PV Modules

Zurich, SwitzerlandFounded 2005Aviation
Valuation $0–100M Latest valuation · 2015
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Flisom

Flisom AG is a Swiss company focused on the development and manufacturing of flexible, lightweight solar modules. It originated in 2005 as a spin-off from the Laboratory of Solid State Physics at the Swiss Federal Institute of Technology (ETH Zurich). The company was founded by Anil Sethi and Ayodhya Nath Tiwari, who also served as the head of Empa's "Thin Film and Photovoltaics" lab. Flisom has established a close, long-standing research and development partnership with Empa, the Swiss Federal Laboratories for Materials Science and Technology, which has been foundational to its technological advancements. In April 2023, the US-based manufacturer Ascent Solar Technologies acquired Flisom's 15 MW Zurich manufacturing facility and related intellectual property rights.

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The company specializes in copper-indium-gallium-selenide (CIGS) thin-film photovoltaic technology. This technology allows for the creation of solar cells on flexible plastic foil, which are significantly lighter—reportedly up to 98% lighter than conventional rigid silicon panels—and less than 2mm thick. Flisom's manufacturing is centered around a proprietary roll-to-roll process, designed for cost-effective, large-scale production of these flexible modules. This production method enables the creation of monolithically integrated solar cells on one-meter-wide rolls, a key differentiator in the market. A major technological milestone, achieved in collaboration with Empa, was reaching a record 20.4% conversion efficiency for flexible CIGS solar cells.

Flisom's business model involves manufacturing and selling these flexible solar modules to a diverse client base. The unique properties of its products—flexibility and low weight—open up markets where traditional heavy, rigid panels are unsuitable. Key target markets include building-integrated photovoltaics (BIPV) for facades and lightweight roofs, the transportation sector (automotive, aerospace, railways), and portable power solutions for applications like emergency response and space. The company has received substantial financial backing over the years, with notable investments from India's Tata Group and various Swiss investors, raising over $58.5M across multiple funding rounds. Its production capacity was distributed between a 15 MW pilot plant in Switzerland and a larger 40-50 MW plant established in Kecskemét, Hungary, in 2020.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2005
Headquarters
Zurich, Switzerland
Employees
19
Open positions
None listed
Dealroom signal
57.2/100
Sub-industry
Clean Energy, Energy Providers
Sector
Aviation, Film Production, Developer Tools, Solar Energy, Spinout, Sustainable Development Goals, Aviation and Aerospace, Climate Tech, Renewable Energy
Business model
Manufacturing, Marketplace & ecommerce
Client focus
b2b, b2c

Latest news

Press, funding announcements and product moves mentioning Flisom.

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Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Apr 2023 $0 Ascent Solar Technologies
ACQUISITIONOther financing Aug 2022 $0 MARNA Beteiligungen
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthEBITDAMargin
2026
2025
2024
2023
2022
2021
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Growth signals

Flisom website traffic

Latest recorded traffic for Flisom is 0 monthly website visits. Flisom's team grew 0% over the past year.

Latest monthly visits0 1-year team growth0%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Tata Group

Other known investors3 additional known investors

  • Ascent Solar Technologies
  • ETH Zurich
  • MARNA Beteiligungen
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇨🇭 Switzerland62.5%
🇭🇺 Hungary37.5%
2 countries shown

Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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