Qingdao Zhongke Guosheng Power Technology Co., Ltd. has completed a Series C funding round totaling RMB 600 million. The round was jointly led by Sequoia China and JIC Investment, with several institutional and industrial investors joining as participants. The transaction highlights rising investor confidence in domestic light gas turbine technology and the company's transition toward commercial production.
Investor Backing and Strategic Participants
The financing attracted a mix of leading market-oriented investors, industrial capital, and existing shareholders. Joining Sequoia China and JIC Investment were Walden Technology, China Merchants Capital, Guangzhou Industrial Investment, and Chengdu Science and Technology Innovation Investment Group. Existing backers CAS Investment and Shandong New Kinetic Energy Fund also increased their commitments, signaling long-term support.
Strategic Validation
The round brought together leading market-oriented investment institutions, industrial capital, and long-term existing shareholders from earlier funding stages. Their participation reflects shared confidence in the development prospects of the light gas turbine sector and its domestic supply chain. It also validates Zhongke Guosheng's technical strength, industrialization capabilities, and long-term commercial value for energy and industrial applications.
Technology Position and Product Progress
Zhongke Guosheng focuses on the research, development, manufacturing, sales, and maintenance of 20 to 50 megawatt light gas turbines and complete equipment packages. After years of technical development and engineering validation, the company has moved from product development and prototype verification toward batch production and market application. Its TG30 series light gas turbine has now entered the batch order production and delivery phase.
Commercial Applications and Market Expansion
The company is expanding in distributed energy, industrial self-owned power stations, oil and gas development, and pipeline transmission applications. It has established an initial business footprint covering major domestic energy enterprises, industrial users, and overseas customers. Multiple gas turbine generator units have been signed and delivered, reflecting an accelerating industrialization process.
Lifecycle Services and Business Model
Zhongke Guosheng is also systematically building capabilities across the installed gas turbine market. Its focus includes maintenance, spare parts supply, technical upgrades, and full lifecycle management to meet evolving customer demand. The company is gradually forming an integrated business system that combines complete turbine and equipment sales with comprehensive lifecycle services.
Use of Proceeds
The RMB 600 million in new capital will support continued research and development of core light gas turbine technologies. It will also fund production and testing capabilities, supply chain improvements, domestic and international market expansion, and professional talent development. These investments are intended to strengthen product development, batch manufacturing, order delivery, and full lifecycle service capacity.
Future Growth Opportunities
The company plans to continue optimizing performance, improving reliability, and expanding application scenarios for its existing product portfolio. It also aims to accelerate production and delivery of current orders while pursuing opportunities in AI computing infrastructure, distributed energy, and oil and gas equipment localization. Specific target areas include AIDC data center energy support, industrial energy integration, oil and gas pipeline drives, and offshore platform power generation.
The Series C round marks a significant milestone for Zhongke Guosheng as it transitions from technology development to commercial delivery. With strengthened capital reserves and a broader investor base, the company is positioned to scale production and expand its domestic and overseas market presence. Its progress also supports wider efforts to localize advanced energy equipment and meet growing power demand from digital infrastructure and industrial users.