Oxford Photovoltaics, a spin-out from the University of Oxford founded in 2010, secured major deals to support its progression from the lab to large-scale production. It almost doubled its total cumulative fund-raising with a fresh round totaling $40.5 million. That included some long-term backers returning to the table and, interestingly, a major investment from the Chinese wind turbine manufacturer Goldwind. Oxford PV's patent portfolio suggests that the company is focused on developing perovskite-based solar cells, but is also developing technology readily applicable to all types of photovoltaics.