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GZTECH secures nearly 100 million yuan in Series B funding led by Fortune Capital and Everbright Capital for industrial laser R&D.

Jun 20, 2024about 1 year ago

Amount Raised

¥100 Million

Round Type

series b

WuhanManufacturing

Investors

Everbright CapitalFortune Capital

Description

Wuhan Guangzhi Technology Co., Ltd. (GZTECH) has recently completed nearly 100 million yuan in Series B financing, with investment led by Fortune Capital and Everbright Capital. The funds will be primarily used for production line expansion and new product development.

Company Information

Company

Wuhan Guangzhi Technology (GZTECH) Corporation Ltd.

Location

Wuhan, Hubei, China

About

Founded in 2018, GZTECH is a company specializing in the research, development, production, and sales of advanced industrial lasers. The company has launched three main product lines: pure fiber lasers, pure solid-state lasers, and fiber-solid hybrid lasers, widely used in 3C, lithium battery, photovoltaic, and hard brittle material processing industries.

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