Chinese light-turbine maker Zhongke Guosheng has closed a RMB 600 million ($84 million) Series C to scale mass production of its 20–50 MW TG30 gas-turbine platform. Sequoia China and JIC Investment co-led the round, with participation from China Merchants Capital, Guangzhou Industrial Investment, Chengdu Sci-Tech Innovation Investment Group, CAS Investment and Shandong New Growth Drivers Fund.
TG30 Hits Batch Production
Founded in 2017 and based in Qingdao, Zhongke Guosheng targets the light industrial and distributed power-generation market. Its TG30 platform crossed from engineering validation into batch orders in 2025, logging six complete-engine and three overhaul orders worth roughly RMB 460 million and pushing company revenue past RMB 100 million for the year.
Powering AI, Grids And Industrial Parks
The raise lands as China races to close a gas-turbine supply gap long dominated by GE Vernova, Siemens Energy and Mitsubishi. Domestic buyers — from distributed generation projects to industrial parks and AI-data-center campuses — are increasingly looking for medium-sized indigenous turbines to hedge against Western supply constraints and to pair with renewable and battery assets like BYD's newly unveiled 62 MWh GC Block.
Where The Money Goes
Proceeds will fund TG30 capacity expansion, a next-generation turbine platform, and services and overhaul infrastructure. The Series C also puts Sequoia China back into large-scale energy hardware, complementing its bets across hard-tech and physical AI.
Reporting based on coverage from Tech Startups.