The rapid development of Internet of Things mobile terminals has accelerated the market's demand for portable mobile power supplies and flexible wearable devices. Here, an embedded metal‐mesh transparent conductive electrode (TCE) is prepared on poly(ethylene terephthalate) (PET) using a novel selective electrodeposition process combined with inverted film‐processing methods. This embedded nickel (Ni)‐mesh flexible TCE shows excellent photoelectric performance (sheet resistance of ≈0.2–0.5 Ω sq−1 at high transmittance of ≈85–87%) and mechanical durability. The PET/Ni‐mesh/polymer poly(3,4‐ethylenedioxythiophene):poly(styrenesulfonate) (PEDOT:PSS PH1000) hybrid electrode is used as a transparent electrode for perovskite solar cells (PSCs), which exhibit excellent electric properties and remarkable environmental and mechanical stability. A power conversion efficiency of 17.3% is obtained, which is the highest efficiency for a PSC based on flexible transparent metal electrodes to date. For perovskite crystals that require harsh growth conditions, their mechanical stability and environmental stability on flexible transparent embedded metal substrates are studied and improved. The resulting flexible device retains 76% of the original efficiency after 2000 bending cycles. The results of this work provide a step improvement in flexible PSCs. Research on flexible mobile energy‐supply devices will promote the development of the Internet of Things. An embedded metal nickel (Ni)‐mesh transparent conductive electrode is used as a flexible substrate for perovskite solar cells (PSCs). These Ni‐mesh‐based PSCs exhibit excellent electric properties and remarkable environmental and mechanical stability.