Kunshan GCL Optoelectronic Materials Co. , Ltd. recently completed its Series C2 financing round, raising nearly RMB 200 million. This round was jointly invested by Cinda Asset Management and SAIF Partners, alongside Series C1 investors including Jinshi Investment, Kunshan Gaoxin Group, Sequoia China, and Hanyang Capital. Lighthouse Capital continued to serve as the exclusive financial advisor.
The Series C financing will be used for the industrialization of GCL Optoelectronic’s GW-scale perovskite production base and R&D investments in perovskite products, accelerating the mass production of commercial perovskite modules. In the near future, full-size (1.15m × 2.4m) perovskite tandem modules—combining high efficiency and stability—will be gradually introduced to the market. This third-generation photovoltaic material technology, representing China’s new quality productive forces, will contribute to the global development of a new energy system and high-quality technological revolution in power systems.
