According to recent reports, China-based Xi'an Tianjiao New Energy has obtained nearly 100 million yuan (over USD$14,100,00) in angel round financing, led by Winreal Investment. The funds will primarily be used for building a perovskite pilot production line with a capacity of 10MW alongside other operational expenses covering consumables and staff.
Tianjiao, a perovskite solar cell developer, specializes in manufacturing single-cell perovskite modules including both flexible and rigid types. The rigid modules find their use primarily in PVBI, whereas the flexible ones are mounted on car roofs or used in 5G base stations.
The Tianjiao R&D team is closely linked to Xi'an Jiaotong University, and their products form a part of the university's research. The team comprises not only scientists and PhDs, but also internationally renowned experts in perovskite technology who offer consultation and guidance. Additionally, the company is guided by experienced managers and entrepreneurs with expertise in industrialization.