The optically transparent electrospun fibrous membrane has been widely used in many fields due to its simple operation, flexible design, controllable structure, high specific surface area, high porosity, and unique excellent optical properties. This paper comprehensively summarizes the preparation methods and applications of an electrospun optically transparent fibrous membrane in view of the selection of raw materials and structure modulation during preparation. We start by the factors that affect transmittance among different materials and explain the light transmission mechanism of the fibrous membrane. This paper also provides an overview of the methods to fabricate a transparent nanofibrous membrane based on the electrospinning technology including direct electrospinning, solution treatment after electrospinning, heat treatment after electrospinning, and surface modification after electrospinning. It further summarizes the differences in the processes and mechanisms between different transparent fibrous membranes prepared by different methods. Additionally, we study the utilization of transparent as-spun membranes as flexible functional materials, namely alcohol dipstick, air purification, self-cleaning materials, biomedicine, sensors, energy and optoelectronics, oil–water separation, food packaging, anti-icing coating, and anti-corrosion materials. It demonstrates the high transparency of the nanofibers’ effects on the applications as well as upgrades the product performance.