"Sichuan All-Solid-State" has raised tens of millions of yuan in its Series A round of financing.

36Kr has learned that Sichuan All-Solid State, a manufacturer of lithium sulfide, the critical raw material for all-solid-state batteries, has completed a Series A financing of tens of millions of yuan. This round of financing is led by Hongrong Capital and Mingshi Venture Capital, with Tianhong Investment, Xingxiang Kechuang and existing shareholder InnoAngel participating as follow-on investors. Tuoshen Capital and Qichen Capital act as financial advisors, and Beijing Zhuohui Law Firm acts as legal counsel. The funds will be mainly used for equipment upgrading and capacity expansion of the hundred-ton-level production line, the construction of the Changsha R&D center and team building.