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MatraVolt Limited secures tens of millions of Hong Kong dollars in an angel round financing, led by CAS Star and K2VC, to scale up mass production processes.

PRIVATEAug 03, 20266 days ago

Amount Raised

$10 Million

Round Type

Seed

ChinaManufacturingEnergyRenewable Energy

Investors

K2 VcCas Star

Description

MatraVolt Limited has completed an angel round financing of tens of millions of Hong Kong dollars. The funding, co-led by CAS Star and K2VC, aims to enhance the company's production capacity and stabilize supply. The post-money valuation has reached hundreds of millions of Hong Kong dollars. This round focuses on scaling up the mass production process and upgrading equipment.

Company Information

Company

MatraVolt Limited

Location

China

About

MatraVolt Limited is a startup co-founded by Zhenyu Liu and Zizi Zheng, focusing on converting carbon nanotube material technology into commercially viable products. It emerged in response to the growing need for innovation in the new energy materials sector. The company's mission is to leverage cutting-edge scientific research to influence and enhance industrial production processes. With strong academic foundations and entrepreneurial spirit, the founders aim to have a significant impact on the materials industry.

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