# Gaomai New Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gaomai-new-energy

- Industry: Power & Utilities
- Headquarters: Suzhou, China
- Website: www.gmnewenergy.com
- Latest round: Series A (Dec 14, 2017)
- Investors on record: 4

## About

Gaomai New Energy is focused on delivering innovative energy solutions, specializing in advanced battery technologies for electric vehicles and renewable energy storage, aimed at promoting sustainable and efficient power sources.Founded in 2015 and headquartered in Suzhou, China, Gaomai New Energy develops energy solutions with a focus on battery technologies. The company has engaged in three significant deals, with its most recent funding round occurring on December 20, 2018. The founder's background is not specified in the available data.GM New Energy specializes in innovative energy solutions aimed at addressing the increasing demand for sustainable and efficient power sources. The company’s core product offerings encompass advanced battery technologies designed for various applications, including electric vehicles and renewable energy storage systems. These products are engineered to enhance energy efficiency, reduce carbon footprints, and provide reliable power solutions for both individual consumers and businesses. GM New Energy serves a diverse clientele, including automotive manufacturers, industrial facilities, and residential users, primarily across North America, Europe, and parts of Asia. The products are designed to facilitate a transition towards cleaner energy practices while meeting the growing needs of various market segments for dependable and sustainable energy sources.GM New Energy generates revenue through a structured model that incorporates direct sales to businesses as well as partnerships with various retailers and manufacturers. The company's transactions typically involve B2B agreements, where clients purchase high-capacity battery systems and energy storage solutions tailored to their specific needs. Revenue is driven by flagship products that have established a strong market presence, catering to both commercial enterprises and direct consumers. These offerings are likely to include customizable energy solutions that align with clients’ operational requirements and sustainability goals. The pricing strategy is structured around the complexity and capacity of the products, ensuring that clients receive tailored solutions at competitive rates while maintaining the company’s commitment to quality and innovation in the energy sector.In December 2018, Gaomai New Energy raised an undisclosed amount of SERIES B funding from new investor Changde Yijin Yuanli Private Equity Fund Management and other unspecified investors. The company is currently focused on developing new products that enhance energy efficiency and storage capabilities, with plans to expand its operations into North American and European markets by 2022. The funding raised will support these initiatives, enabling Gaomai New Energy to innovate further in battery technology and increase its market footprint.

## Funding rounds

- Series A, Dec 14, 2017 — Yijin Capital, Changde Caixin Financial Holding Group
- Angel, Apr 11, 2017 — Yijin Capital, Timing Ventures, Shanghai Yicheng Industrial Investment Group

## Investors

- Yijin Capital (https://capitalatlas.ai/funds/yijin-capital) — Angel, Series A
- Timing Ventures — Angel
- Shanghai Yicheng Industrial Investment Group — Angel
- Changde Caixin Financial Holding Group — Series A