Shuowei Optoelectronics Nears USD 14 Million Funding for Space Solar

Shuowei Optoelectronics is closing a nearly RMB 100 million funding round led by Qifu Capital.

The startup will use the capital to accelerate development of perovskite-based solar products for space applications.

It says it holds more than 50 patents and has partnered with Peking University and the Shanghai Institute of Space Power Sources.

The company has already built aerospace-grade prototypes and plans in-orbit testing in 2026.