# Hoenergy

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

- Industry: Energy Storage & Batteries
- Headquarters: Shanghai, China
- Website: www.hoenergypower.cn
- Total disclosed funding: $14M
- Latest round: Series A (Dec 28, 2023)
- Investors on record: 3

## About

Based in Shanghai, China, and founded in 2005, Hoenergy is an energy company that strives to provide energy storage products. In 2020, Hoenergy completed the first integrated solar storage project. In 2021, energy storage R&D centers were established in Shanghai and Nanjing. The 1GW energy storage PACK automated production line went into operation in Shanghai in 2022. It raised approximately CNY 100 million in series A funding led by new investor Licheng Capital, with participation from new investor Co-Win Ventures in October 2023. In December 2023, the firm closed a series A+ funding.

The company is committed to providing smart green energy solutions based on AI intelligence, big data analysis, smart cloud platform, and other energy digital technologies, which include Utility ESS, Commercial ESS, Residential ESS, EV Charging ESS, and Microgrid ESS. It also provides multifarious storage products such as LV batteries, HV batteries, battery systems, hybrid inverters, etc.

The company will use the series A+ funding for the research and development and promotion of energy storage solutions, the systematic construction of digital platforms and the construction of asset operation and maintenance operating platforms.

## Funding rounds

- Series A, Dec 28, 2023 — Puhua Capital
- Series A, Oct 20, 2023, $14M — Co-Win Ventures, Licheng Capital

## Investors

- Co-Win Ventures (https://capitalatlas.ai/funds/co-win-ventures) — Series A
- Licheng Capital — Series A
- Puhua Capital (https://capitalatlas.ai/funds/puhua-capital) — Series A