# Canda Solar

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canda-solar

- Industry: Renewable Energy
- Headquarters: Changzhou, China
- Total disclosed funding: $14M
- Latest round: Series A (Jun 19, 2023)
- Investors on record: 3

## About

Founded in 2021 and based in Changzhou, China, Canda Solar is an optoelectronic technology company that provides solar power technology services. The company was established by former executives of TSMC, Trina Solar and other companies and key members of the State Key Laboratory team. Mr. Qiang Huang, the founder of the company, was a senior engineer of thin film technology in Silicon System Integration Company and a director and vice president of Risen Energy Co., Ltd. The company applied for the first invention patent of the main gridless technology in 2014, and has obtained 4 authorized inventions and applied for more than 30 inventions, and completed the world's first certification of 210 main gridless heterojunction cell modules in 2022, which was awarded the TUV Rhein certificate in Germany. In June 2023, the company closed a round of series A funding.

The company focuses on heterojunction (HJT) technology and photovoltaic scenario-based applications to achieve the de-metallization of photovoltaic cells using the no-primary grid technology. It also provides manufacturing and sales of photovoltaic equipment and components, specific products include a 210mm size 95µm thickness heterojunction cell module.

The company closed a round of series A funding in June 2023, This round of financing is for the construction of the mass production line of ultra-thin main gridless heterojunction cells and modules, etc.

## Funding rounds

- Series A, Jun 19, 2023, $14M — Cowin Capital, Everest VC, Glory Ventures

## Investors

- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series A
- Everest VC (https://capitalatlas.ai/funds/everest-vc) — Series A
- Glory Ventures (https://capitalatlas.ai/funds/glory-ventures) — Series A