Jiangsu Meike Solar Technology, a China-based silicon wafer manufacturer, has raised around RMB1bn ($155m) in funding from investors including smart energy technology producer Chint, DealStreetAsia wrote yesterday.
Sinopec Capital, a corporate venture capital vehicle for oil and gas supplier Sinopec, has also invested in Meike, as have Huagai Capital, Addor Capital, Junrun Capital, Cloudview Capital and unnamed others.
The $155m total was split across series A and series A-plus rounds, but further details were not disclosed.
Meike was spun off from photovoltaic silicon chipmaker Jiangsu Huantai in 2017. It produces monocrystalline silicon wafers for large-sized solar modules. In January this year, it revealed plans to expand its production by 35 gigawatts.
Yicheng Wang, president of Meike, said: “The funding round will support us to enhance the research and development of large size and ultra-thin monocrystalline silicon wafer capacity, besides manufacturing intelligence.”
The company does not appear to have revealed any previous funding.
