# Chongjibo

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

- Industry: Consumer Products
- Headquarters: Wuhan, China
- Latest round: Series A (Mar 30, 2021)
- Investors on record: 2

## About

Based in Wuhan, China, and founded in 2014, Wuhan Shockwave Functional Beverage Co., Ltd. launched its Chongjibo brand of functional drinks formulated with amino acids. The company distributes its products through a range of offline and online channels, including Sinopec Easy Joy convenience stores, highway service zones, 7TT convenience stores, and Tmall. Its core offerings include “Driving Companion,” “Chongjibo 5-Hour Energy,” and “Chongjibo BCAA”. In March 2021, Chongjibo closed a round of venture funding from new investors Lotus Lake Ventures and THG Ventures.

Chongjibo’s product line includes amino acid-based functional beverages targeted toward different consumer needs such as energy, endurance, and recovery. Main product offerings include “Driving Companion” for drivers, “Chongjibo 5-Hour Energy” as a compact energy supplement, and “Chongjibo BCAA” for physical performance and recovery support.

The company generates revenue through retail sales of functional beverages across both physical stores and e-commerce platforms.

Chongjibo plans to use the funding to expand its retail network, enhance its product line, and invest in R&D for new formulations targeting emerging use cases in the functional beverage market.

## Funding rounds

- Series A, Mar 30, 2021 — Lotus Lake Capital, THG Ventures

## Investors

- Lotus Lake Capital (https://capitalatlas.ai/funds/lotus-lake-capital) — Series A
- THG Ventures (https://capitalatlas.ai/funds/thg-ventures) — Series A