Neng Lian Technology raised $110m in Series C round.

Joy Capital-led consortium to invest $110m in Neng Lian Technology, a Shanghai-based startup focused on reducing carbon emissions. NIO Capital and Korea Investment Partners also participate in a C round of financing. In a statement, NIO Capital managing partner Zhu Yan said the new energy supply chain built by Neng Lian is accelerating the reformation of the country’s energy industry.