Marvel-Tech raises more than RMB500 million across two financing rounds
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Shanghai-based Marvel-Tech, a developer of gas turbines and industrial waste-heat and waste-pressure recovery turbine systems, has completed two consecutive financing rounds totaling more than RMB500 million. The C round was led by HongShan, while the B round was jointly led by C&D Emerging Investment and Qiming Venture Partners.
The company said the funds will support a manufacturing and assembly center for its gas turbine product lines, as well as a high-power unit performance testing cent
The company said the funds will support a manufacturing and assembly center for its gas turbine product lines, as well as a high-power unit performance testing cent
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