MoroccanDutch Cleantech Entrepreneur Sun Raises €2 Million Venture Capital Funding

Rabat – Belgian growth investor Vermec leads round to expand Sales and Service OperationsEternal Sun B.V. announced that it has closed a €2 Million ($2.5 Million) Series A financing from Belgian investment firm Vermec N.V. The Delft based high-tech company that is founded by Chokri Mousaoui, is specialized in solar simulation technology. The investment will be used to expand international sales and service operations.Leading research institutions, solar module manufacturers and certification authorities rely on Eternal Sun’s solar simulation systems for testing the quality of solar modules and materials. Chokri Mousaoui, who is born and raised in The Netherlands with family roots from Al Hoceima, Morocco, comments: “In an era of continuous improvement of solar modules, our solar simulation systems are in high demand with customers that aim to accurately test the performance and reliability of their solar technology. The capital injection will be used to meet this growing demand.” Michel Verhaeren, CEO of Vermec said: “We are excited about Eternal Sun because the company focuses on the intersection of the solar industry and quality assurance, both of which are gaining importance worldwide. We are glad to engage with this talented team, and look forward to the upcoming period of development and growth.” About Eternal SunEternal Sun is a Dutch high-tech company, founded as a spin-off from Delft University of Technology in 2011. The company specializes in solar simulation technology for the purpose of product and material testing. Eternal Sun has enjoyed 3 consecutive growth years and is serving customers worldwide in innovation hubs in Asia, Europe and the Middle East. In 2013, the company won the Global Ideas Award at the Cleantech Open Global Forum in Silicon Valley. About VermecVermec is a professional family office that invests in ambitious growth stage enterprises and projects. Vermec offers long term capital, unique operational experience and a constructive sounding board. The firm is located in Brussels, Belgium and manages a portfolio of different types of assets in a broad range of sectors and geographical locations.