# GCL Perovskite

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gcl-perovskite

- Industry: Energy Storage & Batteries
- Headquarters: Kunshan, China
- Website: www.gcl-perovskite.com
- Total disclosed funding: $198M
- Latest round: Series D (Aug 3, 2026)
- Investors on record: 15

## About

Based in Kunshan, China, and established in 2019 Kunshan GCL Optoelectronic Material Co., Ltd., dba GCL Perovskite, is a company mainly engaged in the research, development and mass production of large-scale perovskite photovoltaic modules. The company's history dates back to 2010 when its predecessor, Xiamen Weihua Solar Energy Co., Ltd. (currently known as Kunshan Weihua Solar Energy Co., Ltd.) was founded in Xiamen, China, which later joined GCL Group in 2016. In 2021, the company's mass production line of 100MW 1mx2m perovskite modules was completed and put into trial production.

In August 2026, GCL Perovskite raised over CNY 100 million in series D1 funding led by SinoKing Capital, with participation from HSG, Xiang'an Venture Capital, Suzhou Asset Management Co., Ltd., and other investors.

GCL Perovskite mainly offers both single-junction and tandem perovskite photovoltaic modules including 1mx2m perovskite modules, 1.71 ? tandem perovskite modules and 2050 cm² tandem perovskite modules.

The company’s revenue is generated by providing perovskite modules.

The company will use the Series D1 funding to support the commercial delivery of its ground-mounted photovoltaic power plants and the verification of space photovoltaic applications.

## Funding rounds

- Series D, Aug 3, 2026, $15M — HSG, SinoKing Capital, Xiang'an Venture Capital, Suzhou Asset Management Co., Ltd.
- Series C, Jul 21, 2025, $28M — SAIF Partners, Xinda Hanshi Capital
- Series C, Dec 9, 2024, $69M — CITIC Goldstone Fund Management, HSG, Shanghai Hanyang Enterprise Management Consulting, Kushan Industrial Research Institute Management
- Series B, Dec 14, 2022, $72M — IDG Capital, Temasek Holdings, GCL Silicon Technology Holdings, HSG, Longwater Investment
- Series B, May 11, 2022, $15M — Tencent Investment
- Series A, Jul 15, 2020 — Cathay Capital

## Investors

- Cathay Capital — Series A
- Tencent Investment — Series B
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series B
- Temasek Holdings — Series B
- GCL Silicon Technology Holdings — Series B
- HSG (https://capitalatlas.ai/funds/hsg) — Series B, Series C, Series D
- Longwater Investment (https://capitalatlas.ai/funds/longwater-investment) — Series B
- CITIC Goldstone Fund Management (https://capitalatlas.ai/funds/citic-goldstone-fund-management) — Series C
- Shanghai Hanyang Enterprise Management Consulting — Series C
- Kushan Industrial Research Institute Management (https://capitalatlas.ai/funds/kushan-industrial-research-institute-management) — Series C
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series C
- Xinda Hanshi Capital (https://capitalatlas.ai/funds/xinda-hanshi-capital) — Series C
- SinoKing Capital (https://capitalatlas.ai/funds/sinoking-capital) — Series D
- Xiang'an Venture Capital — Series D
- Suzhou Asset Management Co., Ltd. — Series D