Zhejiang Zhentai Energy Technology Co., Ltd. announced that it will receive CNY 15,000,000 in equity round of funding on July 28, 2021. The transaction will include participation from Hangzhou Boiler Group Co., Ltd. to hold 7.5% stake upon completion. The transaction will be raised at pre-money valuation of CNY 200,000,000. The transaction has been approved in the nineteenth extraordinary meeting of the fifth board of directors of the investor. This round will be raised at a post-money valuation of CNY 200,000,000.