Chinese Startup Marvel-Tech Secures Over $70M for Gas Turbine Development
Photo: TechNode
Quick answer
Chinese startup Marvel-Tech raised over $70 million in two funding rounds to develop gas turbines, including models for AI data centers and sustainable fuels, with a goal to reach a 1 GW production capacity by 2026.
Shanghai-based Marvel-Tech, a developer of gas turbines and industrial waste heat/pressure recovery systems, has completed two funding rounds totaling over $70 million. The capital will fund a manufacturing and assembly center and a high-power testing facility.
Marvel-Tech plans to reach a 1 GW production capacity by 2026. Its current lineup includes 8 MW and 30 MW turbines used in AI data center infrastructure and sustainable fuel projects. A key feature of the technology is its ability to operate on hydrogen, ammonia, and natural gas without equipment changes.
Major investors participated in the funding rounds: HongShan led Series C, while C&D Emerging Investment and Qiming Venture Partners led Series B. These funds will accelerate market expansion and scale production, addressing the growing demand for energy-efficient solutions in the IT sector.
Common questions
- What technologies does Marvel-Tech develop?
- The company specializes in gas turbines and waste heat/pressure recovery systems for industrial applications. Its products support hydrogen, ammonia, and natural gas operations without equipment modifications.
- Which industries are Marvel-Tech's turbines designed for?
- Primary applications include AI-powered data center infrastructure and sustainable fuel projects. The company's 8 MW and 30 MW turbines are optimized for these use cases.
- Who invested in Marvel-Tech?
- HongShan led the Series C round, while C&D Emerging Investment and Qiming Venture Partners led the Series B. Total investments exceeded $70 million.
Dzen feed: /feed/dzen.xml · RSS: /feed.xml