# Beijing Xinhua Storage Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-xinhua-storage-technology

- Industry: Energy Storage & Batteries
- Headquarters: Beijing, China
- Latest round: Angel (Jun 7, 2024)
- Investors on record: 1

## About

Based in Beijing, China, and founded in 2023, Beijing Xinhua Storage Technology is a liquid flow energy storage technology service provider, specializing in research and development of liquid flow energy storage devices. In June 2024, the company closed an angel funding from new investor MultiGo Capital. In November 2024, the firm closed a venture funding. It has laboratories, R&D testing platforms and pilot production lines in Daxing District.

Beijing Xinhua Storage Technology specializes in the research and development, manufacturing, production, and sales of new energy storage devices. By adopting diaphragm-less system and using a single tank of weak alkaline electrolyte, the company has completed the research and development as well as small batch production of liquid flow batteries with two single-cycle systems which are zinc-nickel and zinc-nickel-vacuum.

The company generates revenue by developing and selling zinc-nickel and zinc-nickel-vacuum single-cycle system flow batteries.

The company will use the funding for product mass production, demonstration project delivery, new generation product research and development, scenario development and promotion and application, etc.

## Funding rounds

- Angel, Jun 7, 2024 — MultiGo Capital

## Investors

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