F
Flisom
Next Generation PV Modules
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.
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.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Apr 2023 | $0 | — | Ascent Solar Technologies | ↗ |
| ACQUISITIONOther financing | Aug 2022 | $0 | — | MARNA Beteiligungen | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Flisom is 0 monthly website visits. Flisom's team grew 0% over the past year.
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Investors
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- MBMARNA Beteiligungen
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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