# Dondel Industry

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dondel-industry

- Industry: Industrial Machinery
- Headquarters: Yantai, China
- Website: www.dongdeshiye.cn
- Total disclosed funding: $7.4M
- Latest round: Series A (May 13, 2023)
- Investors on record: 9

## About

Established in 2017 and based in Yantai, China, Dondel Industry is an industrial company that develops and manufactures machinery and equipment for the hydrogen energy industry. The company has branches and R&D centers in Beijing, Shanghai and Guangdong, and is a national high-tech enterprise. The company currently has 300+ employees, with 100+ scientific researchers and over 300 relevant patent applications, and is one of the first companies in the hydrogen energy field to be certified by the intellectual property system. As for the cooperation between industry, academia and research, the company has joined hands with Tsinghua University, Xi'an Jiaotong University and other schools to carry out technical research in the direction of hydrogen fuel cell air compressor and hydrogen circulation pump. In May 2023, the company closed a round of series A+ funding. 

The company mainly produces and sells fuel cell core components including hydrogen circulation systems and air compressors, as well as hydrogen energy equipment including hydrogen refueling station units and skid-mounted units. At the same time, the company also provides engineering services for the hydrogen energy industry. The company's products can be applied in the field of hydrogen production and hydrogen refueling, as well as hydrogen energy generation, etc.

The company will use the series A+ funding for the construction of the company's "hydrogen energy core equipment industrial park", including hydrogen energy equipment compressor production line, air system production line and hydrogen circulation system production line.

## Funding rounds

- Series A, May 13, 2023 — Fortune Capital, PLD Capital, Hunan Huashi capital, CY Capital, Oufu Ventures, Wanyin Capital
- Series A, Aug 4, 2022, $7.4M — GP Capital, Yonghua Capital, Yantai Financial Development Investment Group

## Investors

- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series A
- Yonghua Capital (https://capitalatlas.ai/funds/yonghua-capital) — Series A
- Yantai Financial Development Investment Group — Series A
- Fortune Capital — Series A
- PLD Capital (https://capitalatlas.ai/funds/pld-capital) — Series A
- Hunan Huashi capital — Series A
- CY Capital (https://capitalatlas.ai/funds/cy-capital) — Series A
- Oufu Ventures — Series A
- Wanyin Capital — Series A