Flexelspace, a next-generation space solar cell company, announced that it has completed attracting Series A investment worth 25 billion won. Through this investment, which was made about two years after its founding, Flexelspace was evaluated for its space solar cell technology and market growth potential. In this round, existing investors Intervest, L&S Venture Capital, and Quad Ventures made follow-up investments. New investors included Mirae Asset Venture Investment, Mirae Asset Capital, IBK Industrial Bank of Korea, NH Venture Investment, IBK Investment & Securities, Seoul ZV, Korea Investment & Securities, and Credit Guarantee Fund. Flexelspace, which started as an in-house venture of Hanwha Systems and was spun off, has secured a cumulative financial resource of approximately 30 billion won, including the Pre-A round. Flexelspace is a company that develops high-efficiency, ultra-light, and flexible solar cell solutions based on perovskite and CIGS. The next-generation solar cells under development are lighter than existing gallium and arsenic solar cells for space use, are easier to expand to larger areas, and are price competitive. Compared to silicon solar cells, they are flexible and lightweight, yet resistant to cosmic radiation and extreme temperatures.