"Yinshi New Materials" has completed tens of millions of yuan in angel round financing

36Kr learned that recently, "Yinshi New Materials" completed tens of millions of yuan in angel round financing. This round of financing was led by the venture capital (CVC) platform Ruicheng Fund of Chery Group, with follow-on investments from the venture capital institution Xiangfeng Investment under Temasek and Guokong Investment Company under Anhui State-owned Capital Operation Holding Group, while Xiaomi's strategic investment continued to increase its investment. The funds raised will be primarily invested in capacity expansion and technological iteration