# Chinacone

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chinacone

- Industry: Materials
- Headquarters: Shenzhen, China
- Website: www.chinacone.com
- Total disclosed funding: $30M
- Latest round: Series A (Nov 2, 2020)
- Investors on record: 5

## About

Established in 2016 and based in Shenzhen, China, Chinacone operates as a carbon nanotube materials developer that provides carbon nanotube products for transportation and electron, etc. The company has acquired more than 200 patents. It established a subsidiary in Guangzhou and R&D centers in US and Japan. In November 2020, new investor Rongfu Capital led CNY 200 million of series A+ funding for Chinacone, returning investor Bojiang Capital Management Group also participated in this round. 

Chinacone focuses on replacing carbon fibres with carbon nanotube fibres and carbon fibre composites with carbon nanocomposites. Its products are single-walled carbon nanotubes, carbon nanotube powders, carbon nanotube films and carbon nanotube fibres. The products can be used in new energy fields such as lithium batteries, wind energy, solar energy, semiconductor fields such as chip carriers, chip packaging, carbon-based chips, as well as other fields such as moulds for processing plastics, intelligent equipment, aerospace, rail transportation, etc.

The company generates revenue by replacing carbon fibres with carbon nanotube fibres and carbon fibre composites with carbon nanocomposites.

## Funding rounds

- Series A, Nov 2, 2020, $30M — Bojiang Capital Management Group, Rongfu Capital
- Series B, Jun 29, 2017 — Bojiang Capital Management Group, Meidu Energy, Shenzhen Beijiwen Investment
- Series A, Sep 7, 2016 — Green Pine Capital Partners

## Investors

- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series A
- Bojiang Capital Management Group (https://capitalatlas.ai/funds/bojiang-capital-management-group) — Series B, Series A
- Meidu Energy — Series B
- Shenzhen Beijiwen Investment — Series B
- Rongfu Capital — Series A