JZNEE Renewable Energy Technology Inc. announced that it has raised $7.5 million in a round of funding on August 19, 2023. The transaction included participation from returning investor Tianjin Zhenjiang New Energy Technology Co., Ltd.. The registered capital of the company will be $15 million.

Before this capital increase, JiangSu Zhenjiang New Energy Equipment Co., Ltd. indirectly holds 100% equity of the company. After the capital increase, the company still indirectly will hold 100% equity of the company.