Astro-Energy Technology, a Beijing, China-based provider of household new energy products and systems, riased an undisclosed amount in Seed funding.
The round was led by CAS Venture Capital, followed by Asia Green Fund and Ningbo Angel Capital Guiding Fund.
The company intends to use the funds to accelerate R&D and production of the photovoltaic micro-inverter, as well as the development of key production equipment for flexible thin-film solar cells.
Led by Liu Xiangxin, Founder, Astro-E Astro-E has developed a domestic micro-inverter (power manager) which is specialized in various thin-film solar cell modules. The microinverter TM-LV2000MI and other products suitable for silicon solar cell modules will be put on the market in early 2023. Products are oriented to high-end new energy markets such as distributed photovoltaic, building energy-saving power generation, electric vehicles, mobile energy, and aerospace.
The technology is supported by the Institute of Electrical Engineering Chinese Academy of Sciences, and the R&D team members are all from the Chinese Academy of Sciences.
FinSMEs
12/01/2023