Boheng New Materials lands Series A backed by CICC, China Growth Capital

What's the deal? Boheng New MaterialsDealroom has a profile for this one. Try Dealroom → has raised several hundred million yuan in a Series A round. The company develops and manufactures specialty films for the new-energy sector.

Who's backing it? The round drew a lineup of institutional investors, including China Growth CapitalDealroom has a profile for this one. Try Dealroom →, CICC CapitalDealroom has a profile for this one. Try Dealroom →, China Jianyin InvestmentDealroom has a profile for this one. Try Dealroom →, Beijing Financial Street Capital, and Jiangsu High-Tech Investment GroupDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Boheng aims to become a leading developer and maker of specialty films for new-energy applications. It will use the proceeds to build out production lines and fund new technology research.

The signal: The mix of state-linked and growth-focused capital points to continued institutional appetite for materials companies serving China's new-energy supply chain.

Image credit: Generated with Gemini