SoftBank doubles investment in Swedish solar cell maker Exeger to $20m

SoftBank doubles investment in Swedish solar cell maker Exeger to $20m

Exeger founder and CEO Giovanni Fili with solar cell for wireless headphone headband.

Japan’s SoftBank Group Corp has invested an additional $10 million in Stockholm-based solar cell manufacturer Exeger Operations AB, bringing the Japanese investor’s total investment in the Swedish firm to $20 million.

Exeger confirmed in a release that the $10-million investment from SoftBank is based on the execution of an option right, which was included in the agreement when the Japanese group invested $10 million in March.

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