PCG Power announced that it has received Series A3 and A4 round of funding led by new investors GLP Capital Partners Limited and Semiconductor Manufacturing Electronics (Shaoxing) Corporation on December 12, 2023. The transaction included the participation from new investor Hangzhou Onew Investment Management Co., Ltd., returning investors Huamei International Investment Group Co., Ltd., Nio Capital, and Eastern Bell Venture Capital. The company has raised CNY 1.5 billion funding till he date.