# Fenergy

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

- Industry: Energy Storage & Batteries
- Headquarters: Beijing, China
- Website: www.fenergy.com.cn
- Latest round: Series B (Feb 28, 2023)
- Investors on record: 5

## About

Established in 2017 and based in Guangzhou, Fenergy initially operated under the name Fengyuan New Technology (Beijing) Co., Ltd. and focused on hydrogen energy system R&D and manufacturing. The company owns a production base in Zhejiang and collaborated with automakers such as Kaiyun Motors, D.R. Power, and Yutong. It was certified under the ISO/TS16949 quality system and recognized as a "Specialized and New" SME in Zhejiang in 2022. The company changed its legal name to Fengyuan Hydrogen Energy (Guangzhou) Co., Ltd. and relocated its headquarters to Guangzhou in October 2024. In July 2025, it closed a round of venture funding from new investor Hefei State-Owned Assets Holding.

Fenergy’s product offerings include the Lucifer series membrane electrode, FY06B series water-cooled graphite stack and Lake Power series hydrogen fuel cell power station.

The company generates revenue through the sale of hydrogen fuel cell components and integrated systems.

The company aims to scale production capacity, expand its presence in southern China, accelerate commercialization of its hydrogen energy technologies across new application scenarios and global markets.

## Funding rounds

- Series B, Feb 28, 2023 — Cornerstone Capital
- Series A, Jul 25, 2018 — Summitview Capital, China Reform Tus Fund, Ruihong Investment
- Angel, Sep 1, 2016 — BD Star Capital

## Investors

- BD Star Capital (https://capitalatlas.ai/funds/bd-star-capital) — Angel
- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series A
- China Reform Tus Fund (https://capitalatlas.ai/funds/china-reform-tus-fund) — Series A
- Ruihong Investment — Series A
- Cornerstone Capital (https://capitalatlas.ai/funds/cornerstone-capital) — Series B