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Ganzhou Sacwell Technology Co., Ltd. has recently achieved a significant milestone by successfully securing an A-round financing of over 100 million yuan, in addition to obtaining a bank credit line exceeding 300 million yuan. This round of financing was led by Ascent Capital and Korean SV Fund, with participation from Zhong'an Youxuan Fund II and ZaoShi Technology. Sacwell specializes in the research and development, manufacturing, and provision of technical solutions for smart equipment in the realm of power battery recycling.
The proceeds from this financing will be allocated primarily towards bolstering R&D efforts and expediting the construction of demonstration factories. As a burgeoning player in the lithium battery recycling industry, Sacwell has established itself as a benchmark through its pioneering technological advancements and innovative business strategies.
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