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Based in Kunshan, China, GCL Optoelectronics researches, develops, and produces large perovskite photovoltaic modules designed for integration into commercial renewable energy systems. Founded in December 2019 by Doctor Fan Bin, the Series C enterprise has raised nearly 72 million dollars from prominent institutional investors including Tencent, Temasek, Sequoia, IDG, and GCL. The company focuses on advancing the industrialization of solar technology, recently setting an industry benchmark with an efficiency rate of over 19 percent on its two-square-meter single-junction panels. Furthermore, the firm achieved a conversion efficiency record exceeding 27 percent for its tandem modules and expects to launch a gigawatt manufacturing production line by the end of 2024. Starting in 2025, the business plans to significantly increase the commercial volume of these highly efficient laminated components to supply advanced systems across the global photovoltaic sector.
GCL Optoelectronics has raised $71.8M across 1 funding round.
GCL Optoelectronics has raised $71.8M in total across 1 funding round.
GCL Optoelectronics has raised $71.8M across 1 funding round. Most recently, it raised $71.8M Series B in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 14, 2022 | $71.8M Series B | Hongshan Capital Group (Sequoia Capital China), IDG Capital, Temasek | — | Announced |
GCL Optoelectronics has raised $71.8M in total across 1 funding round.
GCL Optoelectronics's investors include Hongshan Capital Group (Sequoia Capital China), IDG Capital, Temasek.
