# Westlake Photovoltaic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/westlake-photovoltaic

- Industry: Materials
- Headquarters: Hangzhou, China
- Website: www.westlakepv.cn
- Latest round: Seed (Jan 9, 2025)
- Investors on record: 1

## About

Based in China, Westlake Photovoltaic is a company focused on developing solar energy solutions, specializing in high-efficiency photovoltaic systems that convert sunlight into electricity, catering to both residential and commercial markets.Founded in 2024 in Hangzhou, China, Westlake Photovoltaic specializes in photovoltaic solutions. The company has executed one deal, with the most recent occurring on January 9, 2025. The details regarding significant pivots or changes in operations are not documented. Details about the founder and CEO are not available.Westlake PV specializes in the development and deployment of photovoltaic solutions, focusing primarily on solar energy systems designed to harness and convert sunlight into electricity. Their core offerings include high-efficiency solar panels and integrated solar power systems for residential and commercial markets. These products are engineered to optimize energy production while minimizing the ecological footprint, addressing the growing demand for sustainable energy sources. The company's solutions are particularly valuable for customers seeking to reduce their reliance on traditional energy and cut operational costs in regions such as Europe, North America, and parts of Asia, where there is an increasing push towards renewable energy adoption. By serving a diverse clientele that encompasses homeowners, businesses, and government agencies, Westlake PV aims to contribute to the global transition to clean energy.The revenue model for Westlake PV is primarily structured around B2B transactions, as the company engages with distributors and contractors who facilitate the installation and maintenance of solar energy systems. Transactions typically involve direct sales agreements, where clients procure solar panels and related equipment for projects. Pricing structures vary depending on the scale of the project and specific client needs, with flagship products expected to command premium pricing reflective of their advanced technology and efficiency. Partnerships with installation firms and energy service companies enhance their market reach, enabling streamlined service delivery and customer support. Through these strategic alliances, Westlake PV is positioned to tap into a growing demand for renewable energy solutions, ensuring sustainable revenue streams from a robust customer base.In January 2025, Westlake Photovoltaic raised an undisclosed amount of Seed funding from new investor Westlake Innovation Capital. The seed financing will be utilized to build an R&D center, initiate a 10MW production line into mass production, and optimize flexible perovskite module technology. Looking ahead, the company aims to expand its market presence in Europe and North America, with specific initiatives planned for the next two years.

## Funding rounds

- Seed, Jan 9, 2025 — Westlake Innovation Capital

## Investors

- Westlake Innovation Capital — Seed