LYEN Secures Over RMB 100 Million in Series B Financing, Accelerating Scaled Development in Marine Propulsion SystemsIssuing time:2026-05-26 10:32 LYEN Marine Propulsion (Shanghai) Co., Ltd. (“LYEN”) has officially announced the completion of its Series B financing round, raising over RMB 100 million. This round was led by Huatai Zijin Investment, with participation from Changshu State Owned Capital Venture Investment, Suzhou Industrial Innovation Investment Group, and Suzhou Zhuopu Investment Fund.
The new capital will be primarily used to further advance next-generation core technology R&D and expand production capacity, reinforcing LYEN’s leadership position in the marine propulsion systems sector. LYEN Marine Propulsion is an international innovation-driven company specializing in CPP (Controllable Pitch Propeller) systems, tunnel thrusters, azimuth propulsion systems, and intelligent energy-saving solutions.
The company is among the few domestic high-tech enterprises in China with in-house forward R&D capabilities in both marine propulsion hardware and intelligent optimization systems. Over years of development, LYEN has focused on addressing long-standing industry challenges such as limited independent innovation capability, low value-added products, and high reliance on imported core propulsion systems. Leveraging its self-developed low-noise, low-vibration, and anti-cavitation high-performance propulsion systems, combined with intelligent fuel-saving technologies, LYEN provides global customers with efficient, reliable, and integrated propulsion and energy optimization solutions. Guided by a long-term innovation philosophy, LYEN continuously strengthens its core R&D capabilities and engineering expertise, achieving full-stack in-house control across both hardware manufacturing and software algorithms.
Its customized solutions, known for high stability and strong adaptability to real-world operating conditions, have earned strong recognition from high-end clients across multiple maritime application scenarios. Key landmark projects include:
To date, LYEN’s solutions have been deployed on over 500 vessels worldwide.
In the past three years, the company has achieved rapid growth, with core business metrics doubling year-on-year, significantly outperforming the industry average. With the commissioning of its in-house manufacturing facility in the second half of 2025, LYEN’s production capacity is expected to expand significantly, further enhancing product reliability, operational stability, and service capabilities. Huatai Zijin Investment commented that the firm is highly optimistic about the long-term growth cycle of the global shipping industry. LYEN stands out with its strong independent R&D barrier, intelligent product architecture, and global service capability. The propulsion system sector is a critical component of maritime equipment localization and autonomy. Huatai Zijin will continue to support LYEN in advancing core technology development and strengthening its global competitiveness. Co-founder of LYEN, Mr. Ni Ziqing, stated that the marine propulsion industry is currently at a key inflection point driven by cyclical upturns and rapid technological upgrades. Demand from both new vessel construction and retrofit markets continues to expand, creating significant growth opportunities. He emphasized that the successful completion of this financing round reflects strong recognition from the capital market of LYEN’s core technologies, commercialization capability, business model, and team strength. Looking ahead, LYEN will continue to focus on its core propulsion business, optimize its product portfolio, and strengthen its independently developed technologies. Through continuous innovation, LYEN aims to compete globally alongside leading international players and contribute to the advancement of China’s high-end marine equipment industry.
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