# Horizontal Na Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/horizontal-na-energy

- Industry: Materials
- Headquarters: Huzhou, China
- Website: www.horizontal-na.com
- Total disclosed funding: $14M
- Latest round: Series A (Jun 15, 2023)
- Investors on record: 3

## About

Based in Huzhou, China, and founded in 2021, Horizontal Na Energy is a materials company that provides sodium-ion battery products, which was incubated and founded by a research and development team led by Professor Jiang Yinzhu, a doctoral supervisor at Zhejiang University. The company has established cooperative relationships with State Grid, Southern Power Grid, and Meituan. It has more than 30 core technologies and patents for Sodium-ion batteries. In June 2023, Horizontal Na Energy raised more than CNY 100 million in series A funding from SPIC Industrial Fund Management, Zhihui Qianchao Capital, and Yuquan Capital.

The company is engaged in the R&D and industrialization of sodium ion energy storage batteries and key materials. The sodium-ion battery products can be used in electric vehicles, scale energy storage, electric vehicles, national security, and other fields.

## Funding rounds

- Series A, Jun 15, 2023, $14M — SPIC Industrial Fund Management, Wisdom & Wealth Investment Management, Yuquan Capital

## Investors

- SPIC Industrial Fund Management (https://capitalatlas.ai/funds/spic-industrial-fund-management) — Series A
- Wisdom & Wealth Investment Management — Series A
- Yuquan Capital — Series A