China-based Shangrou New Energy, flexible perovskite solar cell industry,has completed its PreA+ round of financing in March 2025, raising nearly RMB 50 million. The funding was led by Zhejiang Zhuji Economic Development Zone and Guangzhou Kaide Yuehao Private Equity Fund Management Co., Ltd.This investment will be used to expand production capacity by constructing a new manufacturing base in Zhuji with an annual output of 6 million flexible perovskite solar cells. Shangrou is also developing a large-scale roll-to-roll pilot production line to improve efficiency and reduce costs.