TMTPOST — Gas turbine developer Shanghai Mofan Power Technology Co., Ltd. (Mofan Power) finalized two consecutive financing rounds totaling more than RMB 500.00 million ($69.00 million) to expand its advanced manufacturing infrastructure. The investment injection was co-led by Qiming Venture Partners during the Series B stage, with the venture firm providing additional follow-on capital throughout the subsequent Series C fundraising round. Financial plans indicate the fresh capital will fund the construction of a high-volume assembly manufacturing facility and a high-power full-engine factory acceptance testing center to support Mofan Power's core gas turbine and turbomachinery product lines. The capital allocation will also accelerate production scaling and commercial deployment for the company's proprietary gas turbine platforms, which are backed by entirely independent intellectual property rights. Building dedicated, heavy-industrial testing and assembly infrastructure allows specialized thermal power engineers to accelerate the commercialization of large-scale green energy equipment. Establishing localized, high-power factory acceptance testing centers removes a major supply chain logjam, enabling Mofan Power to validate its high-efficiency turbine systems at volume without relying on third-party facilities. This hardware-centric expansion secures a highly competitive operational runway, helping the firm meet surging domestic utility demands for decentralized power generation and industrial carbon reduction.