# Photon Crystal Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/photon-crystal-energy

- Industry: Energy Storage & Batteries
- Headquarters: Foshan, China
- Website: www.photoncrystal.com
- Total disclosed funding: $36M
- Latest round: Series A (Aug 20, 2024)
- Investors on record: 10

## About

Based in Foshan, China, and established in 2022, Photoncrystal doing business named Photon Crystal Energy, is a new energy company that engages in R&D and production of calcium titanium ore solar batteries. Dr. Fuzhi Huang, the company's founder, graduated from the University of Melbourne, Australia, and served as director of the thin film photovoltaic Research Centre at the Wuhan University of Technology. In August 2024, the firm raised CNY 100 million in a round of series A+ funding.

Photon Crystal Energy provides calcium titanium ore solar batteries, using the technologies of calcium titanium oxide ink preparation, printing, and component encapsulation. It has magnification preparation multiple component specifications capacities, including 5 cm multiply 5 cm, 10 cm multiply 10 cm, 20 cm multiply 20 cm. Calcium titanium ore solar batteries can be used in the fields of curtain wall, distributed small power plant, and centralised Large-scale power plants. 

The company generates revenue through the research and development, production and sale of chalcogenide solar cell module products.

The company will use the series A funding for building production lines of 100 MW calcium titanium ore solar batteries, financing new funding by the last-half year, doing demonstration projects, and mass production in 2025.

## Funding rounds

- Series A, Aug 20, 2024, $14M — Qiming Venture Partners, Summitview Capital, Ding Xiang Capital, New Insight Capital
- Series A, Jul 10, 2023, $22M — Qiming Venture Partners, Sinovation Ventures, China International Capital Corporation, CCT Fund Management, Ding Xiang Capital, SPIC Industrial Fund Management, Dayone Capital
- Angel, Aug 26, 2022 — Sinovation Ventures, Zhengxuan Capital, Ding Xiang Capital

## Investors

- Sinovation Ventures (https://capitalatlas.ai/funds/sinovation-ventures) — Angel, Series A
- Zhengxuan Capital (https://capitalatlas.ai/funds/zhengxuan-capital) — Angel
- Ding Xiang Capital (https://capitalatlas.ai/funds/ding-xiang-capital) — Angel, Series A
- Qiming Venture Partners (https://capitalatlas.ai/funds/qiming-venture-partners) — Series A
- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A
- CCT Fund Management — Series A
- SPIC Industrial Fund Management (https://capitalatlas.ai/funds/spic-industrial-fund-management) — Series A
- Dayone Capital (https://capitalatlas.ai/funds/dayone-capital) — Series A
- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series A
- New Insight Capital (https://capitalatlas.ai/funds/new-insight-capital) — Series A