# BC New Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bc-new-energy

- Industry: Energy Storage & Batteries
- Headquarters: Tianjin, China
- Website: www.bne-fess.com
- Total disclosed funding: $14M
- Latest round: Series A (Jan 31, 2024)
- Investors on record: 1

## About

Based in Tianjin, China, and founded in 2017, BC New Energy operates as a manufacturer of flywheel energy storage equipment, providing flywheel energy storage grid conditioning technology. It has set up an oversea research and development center. The company also co-founded the Advanced Flywheel Energy Storage Technology Research Center with North China Electric Power University in Beijing. In January 2024, BC New Energy raised approximately CNY 100 million in series A funding from new investor MultiGo Capital.

BC New Energy is mainly engaged in the development and application of flywheel energy storage technology in the field of power grid. The company provides technical solutions to customers through generation-side auxiliary services (AGC), customer-side customized solutions, microgrid energy storage and stand-alone energy storage power plants. It already has two grid-level FM flywheel technology routes, steel rotor and carbon fiber composite rotor, and offers three models of single flywheel energy storage units.

The company will expand an intelligent manufacturing line for flywheel equipment and accelerate the market application of flywheel energy storage.

## Funding rounds

- Series A, Jan 31, 2024, $14M — MultiGo Capital

## Investors

- MultiGo Capital (https://capitalatlas.ai/funds/multigo-capital) — Series A