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Runwell New Material Technology (Shanghai) Co., Ltd. has recently announced the successful completion of a Pre-A round funding of tens of millions of yuan, led by Zhongsu Capital with participation from key industrial chain partners. The proceeds from this financing will be allocated towards the development of the Suzhou R&D center and the establishment of a 10,000-ton production base in Shandong. These investments are aimed at expediting the industrialization of advanced lubricating and protective materials, as well as liquid cooling technology, within the aviation, aerospace, and new energy sectors. Runwell has independently developed a range of high-end lubricating materials that have achieved or even surpassed the performance of their international counterparts, garnering positive endorsements from several industry leaders.
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