China Merchants unit backs superconductor maker Xihe in $6.72M Series C
What's the deal? Hefei Xihe Superconducting TechnologyDealroom has a profile for this one. Try Dealroom → has raised US$6.19M (roughly $6.72 million) in a Series C round. The sole investor named is Shenzhen Tianzheng InvestmentDealroom has a profile for this one. Try Dealroom →, a wholly owned subsidiary of Hong Kong-listed China Merchants China Direct InvestmentsDealroom has a profile for this one. Try Dealroom → (00133.HK).
Why now? Tianzheng signed the share purchase and related agreements on August 31, 2026, and completed the investment on September 24, 2026. China Merchants disclosed the deal in a public filing.
By the numbers: The raise is modest by venture standards, landing in roughly the 13th percentile for deal size. For a hardware startup at Series C, that points to a targeted round rather than a large growth-stage push.
The signal: The backing of a listed state-linked investor in superconductor technology reflects continued institutional interest in China's advanced-materials sector, even at smaller cheque sizes.
Read more: sohu.com
Image credit: Beige Alert
