# Baoying Gases

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/baoying-gases

- Industry: Oil & Gas
- Headquarters: Nanjing, China
- Latest round: Series B (Dec 29, 2023)
- Investors on record: 5

## About

Established in 2021 and based in Nanjing, China, Baoying Gases is a gas industries services company, that focuses on gas industry investment and operation. It owns projects such as Sichuan Ya'an Energy Island, Jiangsu Nanjing Hydrogen Energy Research and Innovation Center, and Anhui Wuhu Electronic Special Gas. Zhongke Sheng, the founder of the company, is the former General Manager of Baosteel Gas. In December 2023, Baoying Gases raised a series B & B+ funding for CNY 400 million.

The company's business includes pipeline gas supply services, gas production services, and technology development for the preparation and storage of oxygen, nitrogen, and other gases. It also provides customers with consulting and technical services for industrial gas solutions. It has served industries including metallurgical, petrochemical, and coal chemical industries.

## Funding rounds

- Series B, Dec 29, 2023 — Cathay Capital, Hengxu Capital, Xiamen Guoxing Investment, Bank of Communications Investment
- Series A, Mar 6, 2023 — Asia Green Fund
- Angel, May 19, 2021 — Asia Green Fund

## Investors

- Asia Green Fund (https://capitalatlas.ai/funds/asia-green-fund) — Angel, Series A
- Cathay Capital — Series B
- Hengxu Capital (https://capitalatlas.ai/funds/hengxu-capital) — Series B
- Xiamen Guoxing Investment (https://capitalatlas.ai/funds/xiamen-guoxing-investment) — Series B
- Bank of Communications Investment (https://capitalatlas.ai/funds/bank-of-communications-investment) — Series B