Shanghai-headquartered WeView, which produces flow batteries for grid-level energy storage, has snagged 600 million yuan ($87.1 million) in a Series A round led by two state-affiliated investors.
SDIC, an investment arm of state-owned China SDIC Gaoxin Industrial Investment, and Zhuhai Da Heng Qin Group, a state-backed firm set up to support the infrastructure development of Hengqin, a city in the Guangdong Province, led the deal.
