A flexible bistable light modulating device includes a first flexible transparent conductive film and a second flexible transparent conductive film; and a liquid crystal layer disposed between the first flexible transparent conductive film and the second flexible transparent conductive film. The liquid crystal layer includes a liquid crystal mixture and a sealing structure to seal the liquid crystal mixture within the liquid crystal layer. The liquid crystal mixture includes at least one bimesogenic compound, at least one nematic liquid crystal compound and at least one chiral compound; and a plurality of supporting structures dispersing inside the liquid crystal layer. The weight percentage of the supporting structures over the liquid crystal mixture is 0.1%-4.5%. The flexible bistable light modulating device has two states that are stable without application of an external electric field, thus saving energy, simplifying the production process, saving cost and improving product yield.