# PCG Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pcg-power

- Industry: Power & Utilities
- Headquarters: Hangzhou, China
- Website: www.pcgpower.com
- Total disclosed funding: $142M
- Latest round: Series C (Sep 2, 2026)
- Investors on record: 22

## About

Based in Zhejiang, China and founded in 2022, PCG Power Development Co., Ltd., trading as PCG Power, operates as an integrated energy management service provider, mainly engaged in distributed photovoltaic, energy storage, charging pile, and energy management and carbon management business. The company is a joint venture between Poly Group and Country Garden. The company's business development team has over 10 years of PV experience and was from the former Poly and Country Garden. In September 2026, PCG Power raised a Series C1 funding led by Zhonghai Fund, with participation from Chengdu Jiaotong Zhuoyue Private Equity Fund Management and Yankuang Capital.

PCG Power's core business is distributed power plants. The company is mainly engaged in the electricity and heat production and supply industry, providing green energy and carbon-saving services to commercial and industrial owners. The service includes distributed power plants and new energy system solutions.

The company generates revenue by investing in and operating distributed renewable energy and energy storage projects, providing energy management services, participating in electricity trading, and managing energy and carbon-related assets.

The Series C1 funding raised in September 2026 will be used to deepen its financing in the industrial and commercial distributed clean energy sector.
Looking ahead, PCG Power will continue to deepen its presence in the industrial and commercial distributed clean energy sector. On one hand, it will enhance its energy asset portfolio and accelerate its expansion into large-scale energy storage assets. On the other hand, it will increase investment in smart electricity trading platforms and AI technology capabilities, and continue to expand its presence in the national electricity trading market. Furthermore, it will actively explore the "Energy for AI" business model, providing stable, green, and intelligent power solutions with an availability rate of 99.99% for high-energy-consuming and high-reliability power consumption scenarios such as AI computing centers.

## Funding rounds

- Series C, Sep 2, 2026 — Yankuang Capital, Chengdu Jiaotong Zhuoyue Private Equity Fund Management, Zhonghai Fund
- Series B, Jan 15, 2026 — Eurazeo, Aramco Ventures, LONGi Green Energy Technology, Heda Venture
- Series A, Dec 11, 2023 — Eastern Bell Capital, NIO Capital, Huamei International Investment Group, SMEC, Onew Capital, Pros Investment
- Series A, Jun 13, 2023, $70M — Eastern Bell Capital, Sunwoda Electronic Co., Ltd., Poly Capital, Huamei International Investment Group, Hua Ventures, Shenzhen Country Garden Venture Capital Co., Ltd., Yuneng Technology Co., Ltd., Sense Capital
- Series A, Feb 21, 2023, $72M — Eastern Bell Capital, NIO Capital, Fanzhuo Capital, Poly Capital, Huamei International Investment Group, Shenzhen Country Garden Venture Capital Co., Ltd., Rockets Capital, Eliansy Industry Group

## Investors

- Eastern Bell Capital — Series A
- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A
- Fanzhuo Capital — Series A
- Poly Capital (https://capitalatlas.ai/funds/poly-capital) — Series A
- Huamei International Investment Group (https://capitalatlas.ai/funds/huamei-international-investment-group) — Series A
- Shenzhen Country Garden Venture Capital Co., Ltd. — Series A
- Rockets Capital (https://capitalatlas.ai/funds/rockets-capital) — Series A
- Eliansy Industry Group — Series A
- Sunwoda Electronic Co., Ltd. — Series A
- Hua Ventures (https://capitalatlas.ai/funds/hua-ventures) — Series A
- Yuneng Technology Co., Ltd. — Series A
- Sense Capital (https://capitalatlas.ai/funds/sense-capital) — Series A
- SMEC — Series A
- Onew Capital (https://capitalatlas.ai/funds/onew-capital) — Series A
- Pros Investment — Series A
- Eurazeo (https://capitalatlas.ai/funds/eurazeo) — Series B
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series B
- LONGi Green Energy Technology — Series B
- Heda Venture (https://capitalatlas.ai/funds/heda-venture) — Series B
- Yankuang Capital (https://capitalatlas.ai/funds/yankuang-capital) — Series C
- Chengdu Jiaotong Zhuoyue Private Equity Fund Management (https://capitalatlas.ai/funds/chengdu-jiaotong-zhuoyue-private-equity-fund-management) — Series C
- Zhonghai Fund — Series C