Chinese waste disposal company, Low Carbon Environment, has raised $37 million in a Series A round while automotive electronics maker NASN has completed fundraising for its Series B round at $59.61 million.
China’s waste disposal startup Low Carbon Environment raises $37m
Low Carbon Environment, a waste disposal startup from China has raised RMB250 million ($37.06 million) in a Series A round of financing from U.S.-China Green Fund, and AVIC Trust, an investment arm of AVIC Capital Company, according to the China Money Network.
US-China Green Fund is a green equity fund that promotes green development in China through cross-border collaborations such as in finance, green technology and business models. The fund has made investments in a number of Chinese companies in green consumption, green mobility, green energy and green manufacturing.
China’s self-drive car-maker NASN raises $60m
Others participating in the round include Chinese venture capital firm, Qiming Venture Partners, and GP Capital.
Matrix Partners China has made hundreds of investments since inception in 1977 while Qiming Venture Partners closed three new funds totaling $1.39 billion last year.