CASGS
Latest round
- Series C
Last raised
- Sep 2026
Total raised
- $118M
Investors
- 11
About CASGS
, trading under the name CASGS, provides light gas turbines for the industrial machinery sector. The company achieved independent mass production of TG30 series gas turbines, providing domestic alternatives in the energy equipment market. Its TG30 series has entered mass production and serves as core equipment for distributed power generation and mechanical drive applications across sectors such as electric power, oil and gas, metallurgy, and chemicals. The company’s business scope encompasses the sale of gas turbine units and energy-power systems, major overhaul and maintenance services, spare parts supply, technical services and training, as well as diversified solutions including gas turbine power plant design and management, EPC contracting, and energy performance contracting. The company generates revenue from the direct sale of proprietary light gas turbines and complete energy systems. Looking ahead, CASGS remains committed to a strategy driven by technological innovation, product quality, and customer needs. The company will focus on its core business and deepen its industry presence, striving to repay the trust and support of shareholders, customers, partners, and the broader community through solid operational results and sustainable, long-term value creation.
Who invested in CASGS
11 investors across 2 rounds
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Questions about CASGS
Who invested in CASGS?
CASGS has 11 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CASGS raised?
CASGS has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did CASGS last raise money?
CASGS's most recent round on record is a Series C, in Sep 2026.
What does CASGS do?
, trading under the name CASGS, provides light gas turbines for the industrial machinery sector.
Where is CASGS headquartered?
CASGS is headquartered in Qingdao, China.
Which VCs invest in companies like CASGS?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Hui Hua Fund, Yufu Capital and ICBC Capital Management back industrial machinery companies at CASGS's stage. Their profiles are linked below.
VCs backing industrial machinery startups at Series C
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