Virtual Power Plant Firm Vpptech Bags Tens of Millions of Yuan in Pre-A Funds

(Source: Vpptech)

Virtual power plant operations and technology provider Vpptech has completed a pre-A round of financing worth tens of millions of yuan, following a joint investment by Sequoia China Seed Fund and China Merchants Venture, as reported by Chinese media outlet 36Kr on August 24.

Under China’s goals of “carbon peaking and carbon neutrality,” …