On July 28, Yidao Xinneng announced through the public number that the company had completed the Pre-IPO financing. This round of financing was jointly led by Financial Street Capital, Xicheng Jinrui and Pross Construction and Development, and followed by the State Power Investment Industrial Fund, Sinopec Enze Fund, Huatai Juhua Industrial Investment Fund, Newley Capital, Guangfa Xinde and several old shareholders.
The company said that after the completion of this round of financing, a new energy will continue to be based on the existing TOPcon 3.0 Plus technology and the large-scale production of DAON 3.0 series products, and further lay out core battery technologies such as TOPCon 4.0, TBC, SCPC, TSiX and SFOS. SFOS battery technology is an ultra-efficient battery technology jointly developed by Xinneng and the Photovoltaic Research Center of the University of New South Wales, with a theoretical maximum efficiency of more than 40%. Financial Street Capital, the leading investor in
this round, believes
that as the global photovoltaic industry enters the terawatt era and the battery technology enters the post-silicon era, it is the common goal of the photovoltaic industry to further improve the photoelectric conversion efficiency and eventually exceed the theoretical limit of 29.4% for crystalline silicon batteries. It is also a necessary requirement for China to continue to lead the world in the field of photovoltaic technology. Yidao Xinneng has a deep accumulation in high-efficiency battery technology, and has become the global leader of N-type (TOPCon) battery technology and the benchmark enterprise of photovoltaic new first-line brands in just four years. At the same time, the company has fully laid out the revolutionary high-efficiency battery technology in the post-silicon era, which is expected to promote the technological revolution of the new generation of high-efficiency batteries. We are optimistic about the unique competitive advantages of a new energy, and hope to be a value creator with the same frequency resonance with the times. Xicheng Jinrui, the leading investor in
this round, believes
that Xicheng Jinrui focuses on investing in leading enterprises in the industry that match the national strategy, and helps to lead the industrial transformation in the long run. Yidao New Energy has a strong management team with rich experience and full of passion. With the foresight and firm layout of the future trend of photovoltaic technology change, the company has been in the top ten of photovoltaic modules in less than five years. In the photovoltaic industry, the snow is thick and the slope is long, and the winner is strong! We believe that relying on continuous technological innovation and lean management capabilities, Yidao Xinneng can continuously participate in and promote the development of the industry, and grow into a leading enterprise in the global photovoltaic field. Pross C & D, the leading investor in
this round, believes that
it is a cutting-edge photovoltaic enterprise with leading technology in the world, leading the upgrade of photovoltaic cell and module technology from P-type to N-type. There is a rare excellent team in the industry. Founder Mr. Liu Yong, CTO Mr. Song Dengyuan and COO Mr. Piao Songyuan are all leading talents in the photovoltaic industry. The management team led by them has experienced many rounds of photovoltaic development cycles, with profound technical accumulation, rich management experience, keen industry judgment and excellent execution ability. Since its establishment, the company has developed rapidly, and its products have been highly recognized by the market. Pross focuses on infrastructure investment in supply chain, big data and new energy, and has the honor to participate in this round of investment, which will continue to support the development of new energy.