Recently, Kunshan GCL Optoelectronic Materials Co., Ltd., a subsidiary of GCL Group, completed the D1 round of financing exceeding 100 million yuan. This round of financing was led by Jinxin Capital, followed by Sequoia China, Xiang An Venture Capital, and Suzhou Asset Management. GCL said that this round of funding will focus on supporting the commercial delivery of the company's terrestrial photovoltaic power plants and verification of space photovoltaic applications, and highly rewarding the capital market's recognition of GCL Optoelectronics's long-term technology accumulation and industrialization capabilities.

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