Zhejiang Jingneng Microelectronics Co., Ltd. announced that it has received a round of funding led by returning investor, Gaorong Capital on June 20, 2023. The transaction included participation from new investors, Geely Capital, Xiamen C&D Inc., Spring Hill Asset Management Ltd, Qingdao Qingkong China Merchants Innovation Equity Investment Fund Partnership Enterprise (L.P.), a fund managed by, China Merchants Venture Investment Management Co., Ltd., Zhejiang Puhua Tianqin Equity Investment Management Co., Ltd., China-US Green Fund Management Co., Ltd., Shanghai Solid Trust Investment Holdings Co., Ltd., Zhonghe Wanfang Private Equity Fund Management (Beijing) Co., Ltd., Xiangtan Chanxing Dingxin Private Equity Fund Enterprise (L.P.), a fund managed by, Hunan Dingxin Taihe Equity Investment Management Co., Ltd.