# Marvel-Tech raises more than RMB500 million across two financing rounds > Source: > Published: 2026-07-14 06:08:34+00:00 Shanghai-based Marvel-Tech, a developer of gas turbines and industrial waste-heat and waste-pressure recovery turbine systems, has completed two consecutive financing rounds totaling more than RMB500 million. The C round was led by HongShan, while the B round was jointly led by C&D Emerging Investment and Qiming Venture Partners. The company said the funds will support a manufacturing and assembly center for its gas turbine product lines, as well as a high-power unit performance testing center. Marvel-Tech plans to build 1GW of manufacturing and delivery capacity in 2026. Marvel-Tech’s current product line includes 8MW and 30MW gas turbines for green-fuel applications and AI data center power infrastructure. Its technology is designed to support hydrogen, ammonia and natural gas combustion without hardware changes. [TechNode reporting]