PassionIOT recently announced the completion of two strategic financing rounds, raising over 28 million dollar. The investment was led by Anhui State-Controlled Investment and Chuanggu Capital. The funds will be used for technology development in advanced manufacturing sectors such as semiconductors and new energy, the construction of intelligent manufacturing bases, and global market expansion.

2023 has been a year of rapid growth for PassionIOT. The company established its international headquarters in Singapore and set up teams in Malaysia, Vietnam, Japan, and Mexico. PassionIOT's projects have been deployed in over 20 countries and regions, including the United States, Malaysia, Vietnam, Mexico, and Japan. The brand and products have received high recognition in global markets.

Anhui State-Controlled Investment commented: "PassionIOT is a company with deep technological expertise. The company has expanded rapidly in recent years, successfully engaging top clients in the semiconductor and new energy sectors, and gradually increasing its industry influence. We hope this financing will enable PassionIOT to further contribute to the digital transformation of world manufacturing industry."

Chuanggu Capital's Chairman, Qian Jin, stated: "As traditional manufacturing continues to transition to smart manufacturing, intelligent warehousing systems will face new growth opportunities. As a leading company in the domestic line-side storage industry, PassionIOT's strengths in hardware development and software platform integration are well-recognized. We believe PassionIOT will achieve significant growth in both domestic and international markets, contributing to the future evolution of smart manufacturing."