PCG Power lands Series C backed by Temasek, Aramco Ventures and Eurazeo

What's the deal? PCG Power, an investment management provider of next-generation power systems, has raised several hundred million yuan in a Series C round led by China Oceanwide Investment Fund. Chengdu Jiaotong Investment Capital and Yankuang CapitalDealroom has a profile for this one. Try Dealroom → also joined.

Who else is in? The round drew a mix of domestic and international backers, including Singapore's Temasek, Aramco VenturesDealroom has a profile for this one. Try Dealroom → — the corporate venture arm of Saudi AramcoDealroom has a profile for this one. Try Dealroom → — and Eurazeo. Zhongding CapitalDealroom has a profile for this one. Try Dealroom →, Xinghang Capital, NIO CapitalDealroom has a profile for this one. Try Dealroom →, and Xinwangda also participated.

The signal: The investor lineup is the headline here. A Chinese power-systems startup pulling in a state-linked lead alongside Temasek, a Saudi oil major's venture arm, and a European firm points to cross-border appetite for next-generation energy infrastructure.

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