# Astroenergy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/astroenergy

- Industry: Energy Storage & Batteries
- Headquarters: Jiaxing, China
- Website: www.astro-energy.com
- Total disclosed funding: $498M
- Latest round: Series C (Jul 24, 2023)
- Investors on record: 12

## About

Based in Jiaxing, China, and established in 2015, Astroenergy is a new energy company that engages in the R&D, production, and sales of crystalline silicon photovoltaic (PV) cells and PV modules. Its businesses cover 140 countries. And it established production bases in Zhejiang, Jiangsu, Gansu, Jilin, and Thailand. It also established branches and sold centres in oversea markets, such as Australia, Germany, Poland, and Brazil. In 2018, it sold over 3 gigawatts (GW) of PV modules. In 2019, it established 1.5 GW crystalline silicon PV cells and 1.5 GW PV modules in Haining. In July 2023, Astroenergy raised CNY 2 billion in series C funding from new investors Bank of Communications Investment, China Life Private Equity Investment Company Limited, Walden Catalyst, Yangtze River Green Industry Fund, Yuexiu Industrial Investment Funds Management, China Capital Management, returning investors Chaoxi Capital, CICC Capital.

Astroenergy provides PV cells, and PV modules. PV modules adopt 182mm silicon wafers, which can be used in the scenarios of utility-scale power stations, commercial and industrial PV systems, and residential PV systems. In the production process, it adopts multiple technologies, such as big data, artificial intelligence inspection, TOPCon technology, production automation, and whole-process automation monitoring.

## Funding rounds

- Series C, Jul 24, 2023, $278M — Walden Catalyst, China International Capital Corporation, Yuexiu Industrial Investment Funds Management, China Capital Management, China Life Capital, SparkEdge Capital, Bank of Communications Investment, Yangtze River Green Industry Fund
- Series B, Jan 6, 2023, $219M — China International Capital Corporation, Hillhouse Investment, SparkEdge Capital, Cloudview Capital, Haining Jianshan New District State Capital, Wenzhou Leqing State Capital

## Investors

- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B, Series C
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series B
- SparkEdge Capital (https://capitalatlas.ai/funds/sparkedge-capital) — Series B, Series C
- Cloudview Capital (https://capitalatlas.ai/funds/cloudview-capital) — Series B
- Haining Jianshan New District State Capital — Series B
- Wenzhou Leqing State Capital — Series B
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series C
- Yuexiu Industrial Investment Funds Management (https://capitalatlas.ai/funds/yuexiu-industrial-investment-funds-management) — Series C
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series C
- China Life Capital — Series C
- Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series C
- Yangtze River Green Industry Fund — Series C