# GruEnergy

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

- Industry: Energy Storage & Batteries
- Headquarters: Changzhou, China
- Latest round: Series A (May 8, 2023)
- Investors on record: 4

## About

Established in 2020 and based in Changzhou, China, GruEnergy is an energy storage and battery company that focuses on developing and producing silicon-carbon composite cathode materials for lithium batteries. The company's US headquarters are in San Jose, California. GruEnergy has offices in Silicon Valley, Michigan, Germany, Changzhou, and a mass production facility in Changzhou. In May 2023, it raised series A+ funding led by new investor Rockets Capital, with participation from new investors 5Y Capital, Baidu Ventures, and Yiyuan Investment.

The company is engaged in developing and producing silicon-carbon composite anode materials for lithium batteries. its products are used in electric vehicles, energy storage, drones, power tools, and wearable electronics. Its technology can produce silicon that doesn’t fracture during charging and discharging, enabling up to 10X the capacity of graphite. The anode can be dropped into existing cell manufacturing processes.

## Funding rounds

- Series A, May 8, 2023 — 5Y Capital, Baidu Ventures, Rockets Capital, Yiyuan Investment

## Investors

- 5Y Capital (https://capitalatlas.ai/funds/5y-capital) — Series A
- Baidu Ventures (https://capitalatlas.ai/funds/baidu-ventures) — Series A
- Rockets Capital (https://capitalatlas.ai/funds/rockets-capital) — Series A
- Yiyuan Investment — Series A