On July 27, Runchengda, a provider of charging terminals and power IoT service, completed a multimillion-yuan Series A+ financing round led by Jiyun New Infrastructure Fund, with Cloud Joy Capital serving as the sole financial advisor.
Proceeds from the funding round will be used for new infrastructure market expansion, new product development, and to strengthen the network platform ecological strategy.
Runchengda is a developer of electricity control and energy storage products for various industries.
The company specializes in developing various energy management IoT products including charging terminals, electricity monitoring systems, and high-low voltage switchgear, providing reliable and advanced energy control equipment for major industrial clients.
Wang Hao, the Founder and CEO of Runchengda, graduated from Hunan University's College of Electrical Engineering. After graduating from Hunan University, Wang worked in technical research and development sector, and later joined Siemens as a sales executive, where he repeatedly won Siemens' national sales championship.