Dayone Capital has invested 160 million yuan in Photon Crystal Energy during its Series A funding round, underscoring its focus on the growing renewable energy sector in China.
Target Company Overview
Dayone Capital has solidified its position as a prominent venture capital institution in China, particularly in the consumer sector. The firm's reputation was recognized as it ranked among the top 10 investment institutions in consumer sectors for 2023 by Zero2IPO Group. This accolade is a testament to Dayone Capital's strategic investments and its commitment to nurturing innovative consumer-focused businesses.
Recently, Dayone Capital invested in Photon Crystal Energy, a company specializing in perovskite solar technology. The company secured a total funding of 160 million yuan during its Series A round, showcasing its potential in the renewable energy sector.
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Industry Overview in China
The renewable energy sector in China is experiencing significant growth, driven by strategic government policies aimed at reducing carbon emissions and enhancing energy efficiency. Solar power, in par
Similar Deals
Dayone Capital
invested in
Photon Crystal Energy
in 2023
in a Series A deal
Disclosed details
Transaction Size: $240M