GCL Optoelectronics completed nearly 200 million yuan in Series C2 financing to accelerate the commercialization process of perovskite.
Boost the global energy transformation and upgrading, and unlock a green and low - carbon future.
Kunshan GCL Photovoltaic Materials Co., Ltd. (hereinafter referred to as "GCL Photovoltaic"), a subsidiary of GCL Group, recently announced that after the successful completion of the Series C1 financing, it has recently successfully completed a nearly 200 million yuan Series C2 financing. This round of financing was jointly invested by Cinda Asset and SAIF Partners, and together with institutions such as Jinshi Investment, Kunshan High - tech Group, Sequoia China, and Hanyang Capital in the Series C1 financing, the Series C financing was completed. Light Capital continued to serve as the exclusive financial advisor.
It is reported that the Series C financing will be used for the industrialization construction of GCL Photovoltaic's gigawatt - scale perovskite industrial base and the R & D investment in perovskite products; to accelerate the commercialization process of perovskite commercial modules. By then, full - size (1.2m×2.4m) perovskite tandem modules with both high efficiency and stability that meet commercial applications will be gradually launched into the market, contributing to the high - quality development and technological revolution of the global new energy system and new power system with the third - generation photovoltaic material technology representing China's new productive forces.
Liu Xiaotao, Secretary of the Suzhou Municipal Party Committee, Zhu Gongshan, Chairman of GCL Group, and Fan Bin, Chairman of GCL Photovoltaic attended the commissioning ceremony
The foundation of GCL Photovoltaic's gigawatt - scale perovskite industrial base was laid in Kunshan High - tech Zone, Jiangsu on December 27, 2023. On June 24, 2025, witnessed by Liu Xiaotao, Deputy Secretary of the Jiangsu Provincial Party Committee and Secretary of the Suzhou Municipal Party Committee, and Chen Liyan, Secretary of the Kunshan Municipal Party Committee, the base was officially put into operation, marking that the global perovskite photovoltaic technology has officially entered a new era of commercial large - scale mass production and setting an important milestone for the global photovoltaic industry to reach the technological singularity.
GCL Photovoltaic has initially laid out a 1GW perovskite commercial module production line. In the future, the project base will serve as GCL Photovoltaic's global R & D headquarters, listing entity, and global group headquarters. It will actively introduce upstream and downstream enterprises, cultivate and form a perovskite industrial ecosystem, and strive to achieve the goal of 100 billion - level output value.
During the project construction period, GCL Photovoltaic's R & D team continued to focus on mass - production processes, successively breaking through three major issues of size, efficiency, and stability. The efficiency of single - junction modules reached 19.04%@2㎡, and the efficiency of tandem modules reached 26.36%@1.71㎡. They also successfully passed the 3 - times stricter aging test of international standards, creating multiple world - first records.
"The mass - production breakthrough of GCL Photovoltaic's perovskite batteries is a landmark event for the arrival of the photovoltaic technology singularity." Zhu Gongshan, Chairman of GCL Group, said that in the future, GCL will be driven by the "gigawatt - scale mass production + scenario - based demonstration" dual wheels, aiming at the roadmap of "gradual increase in production capacity - large - scale manufacturing - explosion of tandem production capacity", accelerating the application process of perovskite modules. Through the golden technology combination of FBR granular silicon + BC + perovskite, it will lead the industry to jointly paint a new picture of photovoltaics in the next decade, boost the global energy transformation and upgrading, and unlock a green and low - carbon future.
Dr. Fan Bin, Chairman of GCL Photovoltaic, said: "After more than a decade of technological progress and development, perovskite has become the only path to improve the photoelectric conversion efficiency in the photovoltaic industry, which has become an industry consensus. GCL Photovoltaic has made important progress in many aspects such as products and production capacity, and the commercial application of perovskite modules is just around the corner. In the future, our company will remain focused and continue to invest in perovskite technology to contribute to the country's '3060' dual - carbon goal."
Xue Ling, Partner of Light Capital, said: "The industrialization of perovskite has reached a critical point. We have witnessed the leap of GCL Photovoltaic from efficiency breakthrough to the commissioning of the world's first GW - scale perovskite base. In June 2025, its GW - scale production line in Kunshan was put into operation. The efficiency of tandem modules reached 29.51% and passed the 3 - times IEC stricter test of TÜV Rheinland, gradually clearing the obstacles to industrialization and becoming the global turning point for perovskite to move from the laboratory to large - scale commercialization. We look forward to Dr. Fan Bin's team at GCL Photovoltaic accelerating the industrialization process. Light Capital will continue to support GCL Photovoltaic and jointly promote the development of global green energy."
This article is from the WeChat official account "36Carbon", and is published by 36Kr with authorization.