"Shanghai Xingyi Xineng" has completed its Pre-A round of strategic financing.

36Kr has learned that Shanghai Xingyi Core Energy, a company specializing in space photovoltaic cells and nuclear-qualified materials, has recently completed its Pre-A round of strategic financing. This round was co-invested by industrial investors related to Junda Co., Ltd., Shanghai Future Industry Fund, Lingang Blue Bay Capital, Nanxun Luyao, and the co-founder of Xinyang Semiconductor, with existing shareholder Zhongke Shenguang continuing to increase its stake. The raised funds will be mainly used for technology iteration, space environment testing and satellite on-orbit verification, to accelerate the commercial implementation of space perovskite photovoltaic cells and space-grade CPI flexible packaging substrate materials.