May 27, 2025 – Chengrui Power Technology today announced the completion of Series B+ strategic financing round, raising hundreds of millions Chinese yuan (RMB). The investment was led by GLP Hidden Hill Capital, with participation from Guoxin Innovation Equity and Sinovation Ventures.
Mr. Xiong Hao, Partner of Sinovation Ventures stated that Sinovation Ventures will be fully supporting Chengrui Tech in deeply integrating AI algorithms and models into the fields of marine power systems and energy management. Specializing in advanced electric drive & control products, new energy power systems, and big data intelligent cloud service, the company has emerged as a leading global provider of electrification products and solutions for ports and shipping. Moving forward, Chengrui Tech will accelerate the iteration of its core technologies and speed up its global business footprint, and continue to contributing to the green and intelligent transformation of the global shipping industry.