Core Insights - Nanjing Nengli Chip Technology Co., Ltd. has recently completed nearly 100 million yuan in Series A financing, with participation from notable investment institutions such as Feifan Venture Capital, Xinwei Capital, and Lihua Capital [2] Company Overview - Established in 2021, Nengli Chip is a high-tech company focused on the research and development of high-performance power modules. The company aims for "efficiency, reliability, and localization" and is dedicated to promoting innovation and commercialization in emerging power technologies. Its core products include DC-DC high power density modules and VR power solutions, which are widely used in data centers, new energy vehicles, tethered drones, and robotics [3] Financing Purpose - The financing will primarily be used for further research and development of high-density power technology in areas such as AI computing infrastructure, low-altitude economy tethered drones, and robotics. The company plans to continue investing in R&D resources to optimize product performance, enhance market competitiveness, and accelerate capacity building to meet the growing demand for high-performance power modules [4] Investment Rationale - Investors believe that Nengli Chip's team possesses world-class capabilities in power electronics technology R&D and industrialization. The company's core products fill a gap in the domestic high-performance power sector, providing critical support for intelligent computing clusters and AI accelerator cards. The company has established a significant competitive advantage in the high power density and high energy efficiency power sector, particularly in the GPU power niche [5] Industry Perspective - The rapid development of artificial intelligence and data center industries has led to a sharp increase in demand for high-performance power modules. Nengli Chip's exceptional technical strength and market potential have successfully attracted attention and support from numerous well-known investment institutions. Recent government policies encouraging increased R&D investment and technological innovation further bolster the company's prospects. This financing not only injects strong momentum into Nengli Chip's development but also sets a benchmark for the entire industry [6]