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Marvel-Tech raises more than RMB500 million across two financing rounds
Shanghai-based Marvel-Tech has raised over RMB500 million through two financing rounds, led by HongShan and jointly by C&D Emerging Investment and Qiming Venture Partners. The funds will establish a manufacturing center and a performance testing center for gas turbines, with plans to achieve 1GW of capacity by 2026, featuring 8MW and 30MW turbines suitable for green-fuel and AI data center applications.
Key points
- Marvel-Tech raised RMB500 million in two financing rounds.
- C round was led by HongShan; B round was led by C&D Emerging Investment and Qiming Venture Partners.
- Funds will support a manufacturing and assembly center for gas turbines.
- A high-power unit performance testing center will also be established.
- Marvel-Tech aims to build 1GW of manufacturing capacity by 2026.
- Current products include 8MW and 30MW gas turbines for green fuels.
- Technology supports hydrogen, ammonia, and natural gas combustion without hardware changes.
Why it matters
- The rise of green technologies is in line with global sustainability trends.
- Investment in renewable energy technologies is part of the 2025 IT trends focusing on energy efficiency.
- Marvel-Tech's advancements align with increased demand for clean energy solutions amidst climate change concerns.
- AI data centers and their power needs are significant as digital transformation accelerates.
Marvel-Tech's successful funding rounds position it well to advance in the growing market for green energy and AI infrastructure, reflecting broader trends in sustainability and technological innovation.