# DaZheng

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

- Industry: Industrial Machinery
- Headquarters: Zhenjiang, China
- Website: www.dazhengtop.com
- Latest round: Series A (Nov 5, 2025)
- Investors on record: 6

## About

Established in 2018 and based in Zhenjiang, China, DaZheng is a manufacturer of PV modules. Formerly known as “Leader (Shanghai) Photovoltaic Technology Co., Ltd.”, the company was founded in Shanghai in 2016 and officially signed a contract to relocate to Zhenjiang in 2019. The company has a subsidiary in Fujian, with a 25,000 square meter production base and more than 1,000 square meters of clean rooms and laboratories. 2020, the company received “CNAS” certification, and as of 2024, the company has obtained 21 patents and 13 patents under application. In August 2024, the firm closed a round of series A2 funding. In April 2025, DaZheng raised an undisclosed amount of venture funding from returning investor Xiamen Guoxing Investment. In November 2025, DaZheng raised a series A3 funding led by new investor SPARX Group, with participation from returning investor Xiamen Guoxing Investment.

The company mainly produces flexible chalcogenide battery components in different sizes. Meanwhile, the company also provides full production line engineering services for flexible chalcogenide/liquid-phase coating preparation, continuous magnetron sputtering equipment, and high-precision slit coating equipment DT-100-Mini, which are used to promote the industrial process of flexible chalcogenide solar cells. 

The company generates revenues from the production of flexible chalcogenide modules, including the erection of production lines and the development of ancillary equipment. 

The company will use the latest funding for the construction of the world's first 100MW next-generation solar cell (flexible perovskite thin-film solar cell) production line in Haicang, Xiamen, accelerating the mass production process of next-generation solar cells technology.

## Funding rounds

- Series A, Nov 5, 2025 — SPARX Group, Xiamen Guoxing Investment
- Series A, Dec 11, 2023 — Junsan Capital, Ether Capital, Xiamen Guoxing Investment, Hubei Fengze Private Equity Fund Management, Hongjing Fund

## Investors

- Junsan Capital (https://capitalatlas.ai/funds/junsan-capital) — Series A
- Ether Capital (https://capitalatlas.ai/funds/ether-capital) — Series A
- Xiamen Guoxing Investment (https://capitalatlas.ai/funds/xiamen-guoxing-investment) — Series A
- Hubei Fengze Private Equity Fund Management — Series A
- Hongjing Fund — Series A
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A