In view of increasing global energy demand and finite resources of fossil fuels, photovoltaic devices are receiving a great deal of attention. Solution-processable organic semiconductors represent a promising class of new organic photovoltaic (OPV) materials with potential for low manufacturing costs and applications ranging from flexible and mobile devices to large-area installations.[1] In the best devices constructed to date based on solution-processed organic materials, interpenetrating networks of soluble n-type semiconducting fullerenes such as [6,6]-phenyl-C 61 -butyric acid methyl ester (PCBM) as electron acceptor and p-type semiconducting polymers such as poly(3-hexylthiophene) (P3HT) as electron donor moiety form the active interfaces. Such bulk heterojunction (BHJ) OPV cells have reached power conversion efficiencies (PCEs) of up to 6 %. [2] Despite their still lower PCE of around 4 %, solution-processable small-molecule-based BHJ solar cells are becoming increasingly attractive. [3] Owing to their simple purification and accessibility, paired with their monodispersity and ease of modification, small p-type organic semiconductor molecules have overcome many drawbacks associated with their polymer pendants.[4] While established p-type organic semiconductor molecules, for example, oligothiophenes, [3a,b] triarylamines, [3c] and acenes, [3d] were employed in initial BHJ cells of this type, recently traditional colorants such as merocyanines, [5a] squaraines, [5b] and dipyrromethene boron difluoride (BODIPY) [5c] dyes have been introduced, achieving PCE values of up to 1.7 %. As such chromophore-based materials can be easily optimized, particularly in regard to absorbance in the highly desired red and near infrared (NIR) spectral region where the solar photon flux culminates, [6] improvement of tandem devices [2a] and realization of transparent photovoltaic systems as demanded for the application on window glass are further opportunities that might arise from such small-molecule NIR-absorber materials.Squaraine dyes are a particularly promising class of chromophores for NIR OPV cells. They exhibit sharp and intense absorption bands in the desired long-wavelength region and possess considerable photo-and thermal stability under ambient conditions. [7] Thus, squaraines are a widely used class of functional dyes for a huge variety of applications.[8] Squaraines have been used in single-layer OPVs and, more recently, in vacuum-deposited and dye-sensitized solar cells.[9] Lately, Silvestri et al. reported for the first time on the use of squaraines in solution-processable BHJ solar cells with PCEs of up to 1.2 %.[5b]Herein we report on a series of squaraine dyes 5 a-e (Scheme 1) bearing an additional dicyanovinyl acceptor moiety at the central acceptor unit; these species afford solution-processed BHJ solar cells with PCEs of up to 1.79 %. More importantly, absorption in the highly desired NIR range and short-circuit current densities up to J SC = 12.6 mA cm À2 are achieved with these squaraines. ...