Zhejiang Juexin Microelectronics Co., Ltd. announced that it has recently received CNY 500 million in an equity round of funding on led by new investor, Beijing Aerospace Guotiao Venture Capital Fund (L.P.), a fund managed by Aerospace Science and Industry Investment Fund Management (Beijing) Co., Ltd., an investment arm, CICC Capital Management Co., Ltd. on March 8, 2024. The transaction also included participation from new investors, Shanghai Pivot Capital Management Co., Ltd., LUSTER LightTech Co., LTD. and Hunan Dice Investment Co., Ltd. As a part of the transaction, investor became the company's second largest shareholder.