FIRST Invests RMB 25 Million in Space Solar Power Partnership with Tongxin Derun Venture Capital
FIRST has signed a partnership agreement with Tongxin Derun Venture Capital to form the Jiaxing Deke Equity Investment Partnership, contributing RMB 25 million. The partnership's total capital is RMB 32.11 million, with FIRST holding a 77.86% share. The focus will be on investing in companies developing flexible thin-film gallium arsenide solar cells, which are crucial for high-value aerospace applications.
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FIRST has entered a partnership with Tongxin Derun Venture Capital to create the Jiaxing Deke Equity Investment Partnership, contributing RMB 25 million of the total RMB 32.11 million. FIRST holds a 77.86% share as a limited partner.
The partnership aims to invest in enterprises focused on flexible thin-film gallium arsenide (GaAs) solar cells, leveraging professional investment experience to enhance connections within the GaAs industrial chain. Flexible GaAs solar cells, known for high efficiency and lightweight properties, are expected to see increased demand in commercial aerospace applications.
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