# Honool Material

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/honool-material

- Industry: Materials
- Headquarters: Suzhou, China
- Website: www.hondolmaterial.com
- Total disclosed funding: $28M
- Latest round: Series A (Aug 29, 2025)
- Investors on record: 7

## About

Established in 2021 and based in Suzhou, China, Honool Material is a material's company that focuses on the research, development, production, and sales of thin film materials for photovoltaic module encapsulation. The company employs 150 people and has 25,000 square meters of modern production facilities. It has partnerships with risen, JinKo, Canadian Solar, Econess Energy and Longi. In August 2025, Honool Material closed Series A+ funding from new investor ZJU Jiuzhi Investment Management. The company's self-developed products include four series of photovoltaic backsheets, Hiroshima films, soft glass and fluorine films. The adhesive film products include EPE film, EVA film, POE film and white film. In addition, it also provides customers with large-size fluorine-free packages, lightweight component packages, and transparent high-resistance water packaging solutions. The company generates revenue through the research and development of thin film materials and other related products. The funding raised in August 2025 will be used to further fuel its technological innovation and market expansion.

## Funding rounds

- Series A, Aug 29, 2025 — Jiuzhi Capital
- Series A, Aug 1, 2023, $28M — SND Ventures Group, CMB International Asset Management, Rising Investments, Hefei State-Owned Assets Holding, Asion Capital, Hefei Xincheng Holding Group

## Investors

- SND Ventures Group (https://capitalatlas.ai/funds/snd-ventures-group) — Series A
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series A
- Rising Investments (https://capitalatlas.ai/funds/rising-investments) — Series A
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series A
- Asion Capital (https://capitalatlas.ai/funds/asion-capital) — Series A
- Hefei Xincheng Holding Group — Series A
- Jiuzhi Capital (https://capitalatlas.ai/funds/jiuzhi-capital) — Series A