Yanhe Technology has completed a nearly RMB 100 million Series A1 financing round, led by CAS Investment, with participation from Hatchip Capital. Lingxiao Capital served as the financial advisor. The proceeds will be allocated toward three strategic priorities: expanding production capacity at the Changde manufacturing base in Hunan, advancing core perovskite technology iteration, and accelerating global market expansion.
Positioned around the vision of “achieving what crystalline silicon cannot,” Yanhe Technology is driving a new energy paradigm for AI-era smart hardware—enabling battery-free, self-powered intelligent devices through scalable perovskite energy solutions.
As one of the first companies to achieve mass production and commercial delivery of consumer-grade perovskite cells, Yanhe’s latest financing reflects strong market validation of its dual capability in technology innovation and industrial-scale manufacturing.
The company is focusing on:
Capacity expansion to meet growing demand from smart home, wearables, AIoT, and portable electronics markets
Technology iteration to enhance conversion efficiency, stability, and low-light performance
Global partnerships to expand adoption across international consumer electronics brands
Yanhe’s perovskite technology enables efficient energy harvesting under ambient indoor light, supporting ultra-lightweight, flexible, and low-power device scenarios that traditional crystalline silicon solutions cannot serve.
Founded less than two years ago, Yanhe Technology has rapidly progressed from R&D to mass production. In 2024, the company completed a 10MW pilot line in Beijing. In 2025, its 100MW fully automated consumer-grade perovskite production line in Changde, Hunan, officially entered operation—recognized as the world’s first production line dedicated specifically to consumer perovskite applications, capable of 24-hour automated manufacturing.
Its flexible manufacturing system supports both customized form factors and high-volume delivery, serving applications across consumer electronics, AIoT, wearables, portable energy storage, and automotive photovoltaic integration. Core products have passed international certifications including RoHS, REACH, and IEC 63163 indoor photovoltaic standards.
Leveraging its production capability, Yanhe has secured nearly RMB 100 million in commercial orders, validating the viability of battery-free perovskite solutions in consumer markets. The company operates under a B2B model and has entered supply chains in more than 50 countries, serving over 100 global brands including Lenovo, Aqara, Signify, and Dreame.
At CES 2026, Yanhe partnered with multiple customers to launch over ten globally debuted products, further demonstrating the commercial readiness of perovskite-powered smart devices.
Looking ahead, Yanhe Technology aims to accelerate the transition from traditional battery-powered electronics to self-powered intelligent systems, advancing the vision of “energy everywhere” in the AI era.
CAS Investment is a professional investment management firm under the Chinese Academy of Sciences ecosystem, with nearly four decades of experience in technology investment. It focuses on advanced manufacturing and hard-tech innovation, ranking among China’s leading private equity institutions in technology sectors.
Hatchip Capital is an industrial investment platform supported by China’s 5G Innovation Center, focusing on semiconductors, renewable energy, intelligent connected vehicles, and AI-related hard-tech industries. Since 2020, it has invested in more than 50 high-quality technology enterprises.
