# Riyu

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

- Industry: Materials
- Headquarters: Wuxi, China
- Website: www.riyusolar.cn
- Total disclosed funding: $28M
- Latest round: Series B (Aug 20, 2024)
- Investors on record: 6

## About

Based in Wuxi, China, and founded in 2015, Riyu is a materials company that engaged in the research and development of solar cell front silver paste materials. It acquired the production quality management certification and other management system certifications. CTO Yan Xiaofeng graduated from Tsinghua University and worked as a postdoctoral researcher at the US National Laboratory. The company has been recognized as a high-tech enterprise and technology center and has acquired more than 40 patents. In August 2024, it raised over CNY 100 million in series B funding.

The company's products include the PERC battery series of silver paste products, N-type TOPCon, HPBC battery series of silver paste products, and N-type HJT battery series silver paste products. The products have passed the certification of CPVT and other third-party testing institutions, and the annual production capacity reaches 2000 tons.

The company generates revenue by providing N-type silver paste products.

The company will use the series B funding to expand the team, develop photovoltaic silver paste for solar cells and expand business, expand the market of N-type silver paste.

## Funding rounds

- Series B, Aug 20, 2024, $14M — Broad Vision Funds
- Series A, Aug 27, 2023, $14M — Qianhai Ark Capital, Wuxi Guolian Xinchuang private equity Investment Fund, Xiamen Junju Pu Jian Investment Management, Huaneng Investment, Nanwang Fund

## Investors

- Qianhai Ark Capital (https://capitalatlas.ai/funds/qianhai-ark-capital) — Series A
- Wuxi Guolian Xinchuang private equity Investment Fund (https://capitalatlas.ai/funds/wuxi-guolian-xinchuang-private-equity-investment-fund) — Series A
- Xiamen Junju Pu Jian Investment Management — Series A
- Huaneng Investment — Series A
- Nanwang Fund — Series A
- Broad Vision Funds (https://capitalatlas.ai/funds/broad-vision-funds) — Series B