LYEN Marine Propulsion closes ¥100M+ Series B

What's the deal? Liyien Marine Propulsion (Shanghai) announced on May 21 that it has closed a Series B round totalling more than ¥100M (roughly $14M). Huatai Zijin led the round, with Changshu Guofa Venture CapitalDealroom has a profile for this one. Try Dealroom →, Suzhou Innovation Investment Group, and Suzhou Zhuopu Investment Fund participating.

Why now? China's marine equipment sector is attracting growing investor interest as the country pushes to upgrade its shipbuilding and maritime supply chains. Propulsion technology — a critical component in vessel performance and fuel efficiency — sits at the heart of that effort.

The signal: The round reflects continued appetite among Chinese state-linked and regional venture funds for deep-tech hardware companies tied to national industrial priorities. Marine propulsion may lack the glamour of AI or EVs, but it is core infrastructure for the world's largest shipbuilding nation — and investors are treating it accordingly.

Read more: jiemian.com