Recently, Hangzhou Vulcan New Material Technology Co., Ltd. officially completed its D round of financing, with a financing amount of 130 million yuan, led by the National Small and Medium Enterprise Development Fund (Zhepu), and co-invested by Hefei Industrial Investment, Jinpu Intelligence (Phase II), Jiawo Capital, Wuxing Industrial Investment, Shanghai Nuoyi, Houhe Capital, and Zhejiang Science and Technology Investment.

Thank you for the support of the above institutions for Vulcan Technology, and look forward to common progress, growth and rapid development. In order to cope with the rapid development of the high-end carbon materials market and the fierce market competition, this is another rapid expansion of Vulcan Technology after completing the C+ round of 190 million yuan in November 2021. The company will continue to deepen its research and development and production in the field of high-end carbon materials, and contribute its own strength to the development of the country's integrated circuit, new energy, energy storage and other industries.

After this round of financing, Vulcan Technology will accelerate the launch of the Huzhou "Vulcan Photovoltaic and Hydrogen Energy Equipment Key Components Manufacturing Project" and the construction of the new headquarters base in Hangzhou. In the future, Vulcan Technology will have three bases in Hangzhou, Zhuji and Huzhou that integrate R&D and production, and can provide high-end carbon material overall solutions in multiple fields.