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PCG Power Raises Several Hundred Million Yuan
TMTPOST -- PCG Power, an investment management provider of next-generation power systems, has raised several hundred million yuan in its C1 financing round. The financing round was led by China Oceanwide Investment Fund. Chengdu Jiaotong Investment Capital and Yankuang Capital participated in the funding round. PCG Power has received investments from several well-known domestic and international institutions and industry partners, including Singapore's Temasek, Aramco Ventures (the global corporate venture capital arm of Saudi Aramco), Eurazeo, as well as Zhongding Capital, Xinghang Capital, NIO Capital, and Xinwangda.
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