Shangrou New Energy, a leader in the flexible perovskite solar cell industry, has recently announced the successful completion of nearly 50 million yuan in Pre-A+ round financing. This funding was jointly facilitated by the Zhejiang Zhuji Economic Development Zone (referred to as “Zhuji Economic Development Zone”) and Guangzhou Kaide Yuehao Private Equity Fund Management Co., Ltd. (referred to as “Kaide Yuehao”). In the future, the three parties will closely collaborate to leverage their strengths in government, investment, and enterprise, aiming for dual breakthroughs in technology and market within the flexible perovskite solar cell sector.
According to Tianyancha, Shangrou New Energy is a technology company focused on the perovskite new energy field, founded in 2023 by Academician Li Yongfang of the Chinese Academy of Sciences and his team. The company is based on nearly a decade of outstanding research achievements in perovskite photovoltaic technology, stemming from a joint project between the Chinese Academy of Sciences and Soochow University. They have developed an optimal technological pathway for transitioning perovskite photovoltaic technology from laboratory research to industrial product development, repeatedly setting and breaking records for the photoelectric conversion efficiency of flexible perovskite photovoltaic devices. The company has established a 5,000 square meter pilot demonstration line for flexible perovskite cells and is concurrently planning an annual production line for 6 million hundred megawatt-level products.
Shangrou is deeply engaged in the industrialization and commercialization of flexible perovskite solar cells. Within a short span of two years, the company has achieved significant milestones, including the operational launch of a megawatt-level flexible perovskite pilot demonstration line, receiving approval for two national key research and development projects, and the publication of two articles in the prestigious journal Nature, alongside several in its sub-journals. The efficiency of flexible perovskite solar cell modules has reached 18.7% at 1225 cm². The company is currently focused on advancing IEC certification and rigorous testing, with stable operation for over 1500 hours under dual 85 testing conditions (85°C, 85% humidity). Outdoor light aging tests have been ongoing for more than 10 months, fully meeting the needs for flexible application scenarios.
It is reported that the capital raised in this round of financing will be precisely invested in the production side. A production base for flexible perovskite cells capable of producing 6 million units annually will be established in the Zhuji Economic Development Zone to meet the current procurement demands of customers. At the same time, Shangrou’s research and development center will build a top-tier roll-to-roll pilot production line, promoting further cost reduction and efficiency improvement in flexible perovskite technology. On the market front, the company will establish a global marketing matrix to effectively reach potential markets, actively promoting its products in diverse fields such as wearable devices, consumer electronics, mobile energy, IoT power supply, integrated photovoltaic solutions for buildings, and automotive applications.
