# Heng Chuang Rui Neng

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/heng-chuang-rui-neng

- Industry: Environmental Services
- Headquarters: Chuzhou, China
- Total disclosed funding: $59M
- Latest round: Series C (Aug 24, 2024)
- Investors on record: 6

## About

Established in 2017 and based in Shenzhen, China, Heng Chuang Rui Neng is a lithium battery recycling service company, creating a recycling industry chain of lithium battery laddering, material regeneration, etc. at the end of the new energy industry. The company's headquarters and research and development center are located in Shenzhen, with production bases in Huizhou, Jiangmen and Ganzhou, with an annual capacity of 50,000 tons of battery recycling lines. In 2020, the company was also approved for the "whitelist of laddering utilization" and "whitelist of recycling utilization", becoming a fully licensed enterprise in the lithium recycling industry. Meanwhile, the company has passed ISO9001 and ISO14001 certifications. In August 2024, it closed a series C funding.

The company's recycling industry chain in the procurement part mainly includes recycling retired power batteries such as lithium battery modules, consumer batteries such as cell phone batteries, and waste positive and negative electrode pieces, dismantling and classifying various types of battery products to produce cells that can be used in a stepwise manner, and at the same time disposing of completely scrap batteries in a harmless manner. The company will recycle the dismantled battery parts for reproduction, producing positive and negative electrode powder, diaphragms, shells, and other products, forming a complete industrial chain.

Heng Chuang Rui Neng generates revenue by providing lithium battery recycling services, material regeneration, and the production of new materials derived from recycled lithium batteries.

The company will use the series C funding for market expansion and research and development of lithium battery integrated recycling technology.

## Funding rounds

- Series C, Aug 24, 2024 — Legend Capital, GLP Capital Partners, Anhui Guoxin Venture Capital
- Series B, Sep 19, 2022, $14M — GLP Capital Partners
- Series B, Aug 1, 2022, $44M — Legend Capital, GF Securities, Tianhe Hanhui Hengchuan Investment Management Center, Hua Ventures
- Series A, Nov 18, 2021 — Legend Capital

## Investors

- Legend Capital — Series A, Series B, Series C
- GF Securities — Series B
- Tianhe Hanhui Hengchuan Investment Management Center (https://capitalatlas.ai/funds/tianhe-hanhui-hengchuan-investment-management-center) — Series B
- Hua Ventures (https://capitalatlas.ai/funds/hua-ventures) — Series B
- GLP Capital Partners (https://capitalatlas.ai/funds/glp-capital-partners) — Series B, Series C
- Anhui Guoxin Venture Capital — Series C