The power transmission equipment supplier raised the cash from investors including China General Nuclear Power and Hongta Tobacco.
China-based electrical transmission equipment maker Pearl Electric has closed a RMB200m ($30m) series C round with backing from power producer China General Nuclear Power Group (CGN), China Money Network reported on Tuesday.
The round also included contributions from an investment subsidiary of Hongta Tobacco Group and undisclosed additional investors. CGN oversees a considerable portfolio of nuclear, wind, solar and hydropower assets.
Founded in 1958, Pearl Electric supplies power transformation and transmission equipment. It has more than 600 employees and its…