Zhejiang Jiaao Green New Energy Co., Ltd. announced that it has received CNY 271,650,000 equity round of funding on November 10, 2023. The transaction included the participation from returning investor Zhejiang Jiaao Enprotech Stock Co., Ltd. The registered capital of the company will increase from CNY 113,350,000 to CNY 500,000,000. The transaction has been approved by the board of director of investor at the 4th Meeting of the 6th directorate.