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Original from TechNode.com: Marvel-Tech raises more than RMB500 million across two financing rounds

Marvel-Tech Secures Over RMB500 Million in Two Financing Rounds for Gas Turbine Development

Published at Jul 14, 2026 by TechNode Feed from TechNode.com 5

Shanghai-based Marvel-Tech has successfully completed two financing rounds, raising over RMB500 million. The C round was led by HongShan, while the B round saw joint leadership from C&D Emerging Investment and Qiming Venture Partners.

The funds raised will be utilized to establish a manufacturing and assembly center for Marvel-Tech's gas turbine product lines, as well as a high-power unit performance testing center. The company aims to achieve a manufacturing and delivery capacity of 1GW by 2026.

Marvel-Tech's current offerings include 8MW and 30MW gas turbines tailored for green-fuel applications and AI data center power infrastructure. Notably, its technology allows for the combustion of hydrogen, ammonia, and natural gas without requiring hardware modifications. No further timeline was disclosed at the time of publication.

Editor's Note

Marvel-Tech's recent funding rounds highlight the growing interest in sustainable energy solutions and advanced manufacturing capabilities. As the demand for green technologies increases, the company's focus on gas turbines for green-fuel applications positions it well within the energy sector. Stakeholders should monitor Marvel-Tech's progress towards its 1GW capacity goal and the development of its testing facilities.

Source

Read the original report at TechNode.com

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