# FOXESS CO.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/foxess-co

- Industry: Energy Storage & Batteries
- Headquarters: Wenzhou, China
- Website: www.fox-ess.com.cn
- Latest round: Series A (Jan 31, 2022)
- Investors on record: 8

## About

Established in 2019 and based in Wenzhou, China, FOXESS CO., LTD is an energy storage and battery company, focusing on developing and manufacturing inverters and energy storage systems. The company is headquartered in Wenzhou and has 3 regional R&D centers in Shanghai, Wuxi, and Wuhan. The founder, chairman, and general manager of this company, Jingcheng Zhu, has more than ten years of experience working in the field of photovoltaics and energy storage. There are more than 2,000 employees in FOXESS as of 2023. In May 2023, it raised over CNY 1 billion in Pre-IPO funding led by returning investor Chaoxi Capital.

The company focuses on the R&D, production, and sales of energy storage inverters and lithium battery PACKs. It also provides its customers with distributed energy, energy storage products, and intelligent energy management solutions. Its self-developed products such as PV inverters, hybrid energy storage inverters, lithium battery, series, and ECS batteries, of which ECS batteries include high-voltage batteries, low-voltage batteries, and AC chargers.

The company surpassed CNY 2 billion in revenue in 2022.

## Funding rounds

- Series A, Jan 31, 2022 — Panorama Capital, CITIC Securities, Shanghai Guohe Capital, CIF Investment Fund Management, Tongxiang Huayou Investment, SparkEdge Capital, Guotai Ruichengde Asset Management CO., LTD, Guicheng Huixin Equity Investment

## Investors

- Panorama Capital — Series A
- CITIC Securities — Series A
- Shanghai Guohe Capital (https://capitalatlas.ai/funds/shanghai-guohe-capital) — Series A
- CIF Investment Fund Management — Series A
- Tongxiang Huayou Investment — Series A
- SparkEdge Capital (https://capitalatlas.ai/funds/sparkedge-capital) — Series A
- Guotai Ruichengde Asset Management CO., LTD — Series A
- Guicheng Huixin Equity Investment — Series A