Editing by Xin Lanhua

ChasingLight based in southern China’s Guangzhou announced to have obtained angel investment for developing large-size flexible organic photovoltaic modules – a new frontier technology in China.

CDC Group and Guangzhou Get Venture Capital are two major investors in this project. The investment amount is the range of RMB20 million ($3.07 million), technology media 36Kr reported.

Guangzhou ChasingLight Technology Co., Ltd. (广州追光) was founded in 2020 by a group of experts in organic semiconductor material and devices. Its technology enables photovoltaic modules lighter, thinner, more flexible and translucent, realizing new applications unable to be done by traditional c-Si photovoltaic modules.

ChasingLight Technology partners closely  with  the Organic Semiconductor Laboratory of Zhejiang University, with deep knowledge of the world's leading organic photovoltaic material technology in which the photovoltaic conversion efficiency has exceeded 18%. It is ready to mass produce and handle purifying organic semiconductor material.

ChasingLight is expected to provide a whole set of large-sized flexible organic photovoltaic technology solutions and related roll-to-roll equipment manufacturing technology.