As the leader and leader of strategic emerging industries, Xiexin Group 's Kunshan Xiexin Photoelectric Materials Co., Ltd. (Hereinafter referred to as "Xiexin Photoelectric") has successfully completed the D1 round of financing of over 100 million yuan.
This round of financing is led by Jinxin Capital, followed by Sequoia China, Xiang'an Venture Capital and Suzhou Capital Management .
Xiexin Optoelectronics said that this round of funds will focus on supporting the commercial delivery of the company's ground photovoltaic power plants and the verification of space photovoltaic applications, highly rewarding the capital market's recognition of Xiexin Optoelectronics'long-term technology accumulation and industrialization capabilities. In July
2025, Xiexin Optoelectronics completed the C2 round of financing of nearly 200 million yuan. Since the first angel round of financing in May 2020, the company has attracted more than one billion yuan from Ningde Times, TCL Group, Tencent, Temasek, Sequoia and other leading enterprises and well-known investment institutions.
As one of the earliest enterprises in the world to participate in the industrialization of perovskite components , since 2013, GCL Optoelectronics has been focusing on the research and development of perovskite technology, and has achieved the first breakthrough in many key nodes of the industry: Laying the equipment and process foundation for large-scale manufacturing; launching the industry's first 2m2 perovskite module to verify the engineering feasibility of large-scale preparation; building the industry's first set of high-throughput R & D equipment to lead the direction of material development and process iteration. After more than ten years of intensive cultivation, Xiexin Optoelectronics has not only precipitated a single component product capability, but also built a set of perovskite technology platform with sustainable iteration and cross-scenario extension.
In the field of ground application, Xiexin Photoelectric Perovskite has entered the stage of industrialization, and the certification efficiency of 2 square meters of perovskite laminated modules has reached 27%, and it has obtained the first IEC double-standard certification of laminated modules in the industry, and has obtained the qualification of global photovoltaic mainstream market access. The GW-class Phase I production line continued to ramp up in mass production, with a full-specification mass production module area of 2.78 square meters and a certification efficiency of 26.8%. At present, it is comprehensively promoting product verification and market introduction for ground power stations, industrial and commercial distribution, building photovoltaic and other scenarios. Since this year, the company has signed a number of orders for MW-level components, marking the full advancement of perovskite components to large-scale production, market-oriented procurement and scenario-based applications.
Recently, GCL Optoelectronics has made breakthroughs in a number of technical routes, continuously refreshing industry records: certified by the Chinese Academy of Metrology, the efficiency of 2042 square centimeters of large area perovskite-crystalline silicon stack modules reached 30.23%, formally crossing the 30% efficiency threshold; Certified by T TÜV Nande, the efficiency of 900 square centimeter flexible single junction module and 625 square centimeter flexible laminated module reached 21.79% and 27.11% respectively, breaking the world record of flexible perovskite module efficiency. The above results fully confirm that perovskite has shown the potential to approach the efficiency of high-efficiency batteries such as gallium arsenide, and is expected to achieve cost advantages comparable to crystalline silicon through large-scale manufacturing processes.
While consolidating the commercialization process on the ground, Xiexin Optoelectronics actively lays out the medium and long-term strategy of space photovoltaic. The company has reached strategic cooperation with Beijing Ziwei Yutong Technology Co., Ltd. and Phenomenon Innovation (Shenzhen) Technology Co., Ltd. to carry out on-orbit performance testing of perovskite cells on low-orbit flight platform to obtain their power generation performance, attenuation law, thermal cycle response and environment in real space environment. It provides key support for the subsequent optimization of space packaging, the establishment of reliability model and the exploration of space photovoltaic products.
"Sixteen years of entrepreneurship, the team has witnessed and witnessed the multi-cycle evolution of photovoltaic industry and perovskite technology.". At present, perovskite is entering a critical window period of large-scale application. Especially in this round of financing, we have won the trust and support of new and old shareholders such as Jinxin Capital, Sequoia China, Xiang'an Venture Capital and Suzhou Capital Management, which has strengthened our strategic strength for long-term deep cultivation of perovskite industrialization. In the future, the company will continue to focus on the core track of perovskite, actively grasp the opportunities brought by new scenarios such as space photovoltaic, and promote perovskite technology to a broader application space. Dr. Fan Bin, chairman of Xiexin Optoelectronics, said. "Perovskite is a typical direction for the deep integration of new energy materials, advanced manufacturing and high-end application scenarios," said the relevant person in charge
of Jinxin Capital. Xiexin Optoelectronics not only continues to break through the efficiency record, but also forms a systematic layout in terms of mass production engineering capability and space environment verification. We are optimistic about the long-term value of the company in the commercialization of ground photovoltaic and the exploration of space photovoltaic frontier, and look forward to helping China's original key and core technology accelerate industrialization with capital strength. Dr.
Fan Bin said that in the future, Xiexin Optoelectronics will adhere to the development path of "production-oriented, efficiency-driven, scenario expansion", focus on the large-scale application of ground photovoltaic, synchronously lay out new scenarios such as low-altitude economy, near space and space energy, and promote perovskite technology with higher efficiency, better cost and more flexibility. Contribute to China's third generation photovoltaic technology for the construction of a new energy system.
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