BP's Castrol leads Yixintong's Series B for data center liquid cooling
What's the deal? Beijing Yixintong Technology has raised a Series B financing of several hundred million yuan led by CastrolDealroom has a profile for this one. Try Dealroom →, a subsidiary of UK energy giant BP. CRRC Capital, Zhongbo JuliDealroom has a profile for this one. Try Dealroom →, and E-Share CapitalDealroom has a profile for this one. Try Dealroom → joined the round, which turns the ICT liquid cooling maker into a foreign-invested enterprise.
Where the money goes: Yixintong will spend the funds on core product R&D, capacity expansion, and overseas markets. Its Malaysia plant has been completed and put into operation.
The expansion: The deal opens international channels for Yixintong, which is committed to global growth. Castrol's sales and after-sales network spans 128 countries, and the partnership has already secured Yixintong a signed agreement to build a joint certification laboratory with IntelDealroom has a profile for this one. Try Dealroom →.
Why now? This is not a pure financial investment. Yixintong and Castrol have signed a legally binding commercial agreement under which Castrol will buy hundreds of millions of yuan of thermal management hardware and services from Yixintong within five years.
What's the endgame? Castrol wants to become an asset management company in the AI data center sector, investing capital in thermal design, hardware, and system integration without manufacturing itself. Yixintong is its only invested liquid cooling manufacturing partner, holding priority supply rights for related products.
The signal: Castrol, with a 126-year brand history, has been increasing investment in data center thermal management, opening liquid cooling research centers in the UK and China and a laboratory in Shanghai. Its bet on Yixintong shows how legacy energy players are moving into the cooling infrastructure that AI compute demands.
Read more: eu.36kr.com
Image credit: Generated with Gemini
