Chengmandian Wins Nearly $12.5 Million in First Phase of Round A Financing, Led by Yingke PE
Summary
On Wednesday, Anhui Chengmandian Energy Technology Co., Ltd. completed the first phase of a Pre-A round of strategic financing totaling 80 million yuan ($12.5 million), with Yingke PE leading the investment. In the future, Chengmandian will gradually expand business in fields including tricycles and automobiles. SEE ALSO: Bike-Sharing Giant Hello Inc.’s Subsidiary Cooperates With EV Link to Promote Green Energy Platform As the strategic leading investor of Chengmandian, Yingke PE has been focusing on the carbon-neutral industrial chain for a long time, and has invested in a number of leading enterprises in the industry such as Phylion Battery, COSMX and Suzhou Recodeal. Yingke PE also focuses on enterprises with key technologies in line with the national development strategy. It aims at the key industries such as biomedicine and hard technology, and has invested in over 200 leading enterprises.