Recently, Damao Technology, a company specializing in the development of energy-focused large models and generative AI applications for virtual power plants, has successfully closed its A+ round financing, raising nearly 100 million yuan. This financing round was spearheaded by Puquan Capital, an industrial investment platform under CATL (Contemporary Amperex Technology Co. Limited), a globally renowned battery manufacturer and technology innovator, with Lightsource Capital acting as the exclusive financial advisor.

The capital raised will be primarily allocated towards research and development of core technologies, as well as commercial expansion efforts. This strategic move is aimed at accelerating the deployment of Damao Technology's innovative solutions and addressing the pressing challenges of energy balance in the modern grid. Looking ahead, Damao Technology is committed to further ramping up its investment in R&D, bolstering the capabilities of its energy-centric large models. In collaboration with its shareholders, the company aims to drive forward the implementation of cutting-edge technologies, playing a pivotal role in the construction of China's new power system and the realization of the dual-carbon goals (carbon peak and carbon neutrality).