Cyclewell Technologies raised over 100 million yuan in a Series A funding round led by Glory Ventures to enhance R&D capabilities and advance the construction of its demonstration plant.

Jan 14, 2025•6 months ago

Amount Raised

¥100 Million

Round Type

series a

GanzhouManufacturing

Investors

Sv InvestmentGlory Ventures

Description

On January 10, Cyclewell Technologies completed its Series A funding, raising over 100 million yuan. The funds will be primarily used to strengthen the company's R&D and accelerate plans for their demonstration plant.

Company Information

Company

CycleWell Technologies

Location

Ganzhou, Jiangxi, China

About

Cyclewell Technologies is a Chinese company founded in December 2020 that specializes in lithium battery recycling solutions. The company focuses on the R&D and manufacturing of intelligent equipment, providing technical solutions to recycle power batteries efficiently. Its proprietary technologies are designed to achieve high recovery rates while reducing production costs and energy consumption. Cyclewell Technologies is committed to supporting the sustainable development of the global electric vehicle industry.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Cyclewell Technologies raised over 100 million yuan in a Series A funding round led by Glory Ventures to enhance R&D capabilities and advance the construction of its demonstration plant.

Investors

Description

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