i2Cool Secures Tens of Millions of Yuan in Series B Funding from TopoScend Capital

i2Cool Shenzhen Limited, a company specializing in electricity-free passive radiative cooling materials, has successfully completed a Series B financing round valued at tens of millions of yuan, with Shenzhen TopoScend Capital Co., Ltd. as the lead investor. The announcement was made on September 8, 2026, and the funds are earmarked for the development of standardized nanoparticle production lines, enhancement of core technologies, talent acquisition, and expansion into key global markets.

Founded in 2022, i2Cool has rapidly positioned itself within the green technology sector, focusing on innovative solutions for thermal management. The company’s flagship technology, the "Particle+" platform, leverages standardized functional nanoparticles to create a range of products including coatings, films, and textiles that enable passive cooling without the need for electricity or refrigerants. This technology is particularly relevant in the context of increasing energy efficiency demands and carbon reduction initiatives, aligning with global sustainability goals.

The strategic rationale behind this funding is to bolster i2Cool's production capabilities and accelerate its commercialization efforts. The company’s proprietary materials have demonstrated impressive performance metrics, achieving over 95% solar reflectivity and mid-infrared emissivity. This positions i2Cool to capitalize on growing market opportunities across various sectors, including construction, automotive, and data centers, where efficient thermal management is becoming increasingly critical.

i2Cool's rapid growth trajectory is underscored by a reported order backlog of CNY 120 million (approximately US$17.9 million) and a compound annual growth rate of 377% in operating revenue over the past three years. The company has successfully penetrated over 30 international markets, with overseas sales accounting for half of its revenue. Collaborations with notable industry players, such as Sunwoda Electronic Co., Ltd. and Toyota Tsusho Corporation, further enhance its market credibility and potential for expansion.

The broader implications of this funding round reflect a growing recognition of the importance of sustainable technologies in addressing climate change and energy efficiency challenges. As regulatory frameworks tighten around carbon emissions, companies like i2Cool are well-positioned to lead the charge in innovative solutions that not only meet market demands but also contribute to global sustainability efforts. The investment from TopoScend Capital signals confidence in i2Cool's potential to scale its operations and impact, paving the way for further advancements in the green technology sector.