Series A · Industrial tech
Sichuan Quangutai completes Series A financing
The lithium sulfide producer will expand manufacturing capacity and build a Changsha R&D centre.
Sichuan Quangutai has completed a Series A round worth tens of millions of yuan, according to an October 30 announcement. Hongrong Capital and Future Capital co-led the financing, with Tianhong Investment, Xingxiang Kechuang and existing backer Inno Angel Fund participating.
The company plans to upgrade equipment and expand capacity at its hundred-tonne-scale production line, establish a research and development centre in Changsha and build its team. Sichuan Quangutai produces lithium sulfide for all-solid-state batteries.
Use of funds
Expand production and R&D capabilities
Funding history
Series A · This roundUndisclosed