10 Million Yuan! Letian A Perovskite Producer Closes Angel Round of Financing

PVTIME – Shanghai Letian Calcium Titanium Optoelectronic Technology Co. (Letian), a Chinese technology company under Shanghai Dongjian Digital Energy Group focused on the research and development of perovskite solar cells, recently announced the completion of a 10 million yuan (approximately US$1.383 million) angel round of financing.

Since its establishment in January 2023, Letian has gained the favour of the market as well as the support of investment institutions, including the completion of the seed round of financing with the 10 million yuan in July 2023 and this round of 10 million yuan.

Letian’s vision is to become a major provider of PV products and solutions, making important contributions to the country’s “carbon peak and carbon neutrality”. Letian focuses on the research and development of new technologies and processes, and is committed to the development of efficient, stable, low-cost and large-scale perovskite solar cells. Its R&D team of Ph.D. and M.D. graduates collaborates with top universities and research institutes in China, providing strong academic and technical support for its development of perovskite solar cells. A pilot production line was completed in the end of 2023, and mass production is planned to be in operation by 2025.

In addition, in November 2023, Letian announced a conversion efficiency of 26.25% for its perovskite solar cell co-developed with the Institute of Chemistry, Chinese Academy of Sciences, and the data was certified by the Chinese Academy of Sciences Solar Photovoltaic Power Generation System and Wind Power System Quality Inspection Center.

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