Zhiruijie Electrical raises $4.48 million for special power systems
What's the deal? Zhiruijie Electrical TechnologyDealroom has a profile for this one. Try Dealroom →, a Chinese supplier of specialised power supplies and complete system units, has raised US$4.13M. CAS StarDealroom has a profile for this one. Try Dealroom → led the round, with Optics Valley Financial Holding, Planck Venture Capital, and Loongson Venture Capital participating.
What's the endgame? The company develops and produces special power supplies and system devices, focusing on pulse power and power electronics technology. It aims to become a technically leading supplier of special power supplies and system solutions.
Who's it for? Zhiruijie says it has served dozens of domestic industrial users, universities, and research institutes. Its products span defence, scientific research, smart manufacturing, environmental protection, semiconductors, medical, and chemical sectors.
The signal: Investor backing from state-linked funds including CAS Star and Optics Valley Financial Holding points to continued interest in China's domestic power electronics and specialised industrial technology.
Read more: itjuzi.com
Image credit: (vincent desjardins)
