# Huasun

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

- Industry: Energy Storage & Batteries
- Headquarters: Xuancheng, China
- Website: www.huasun.net
- Total disclosed funding: $630M
- Latest round: Series C (Nov 15, 2023)
- Investors on record: 20

## About

Established in 2020 and based in Xuancheng, China, Huasun operate as a battery developer that focuses on the research and development of silicon hetero junction cells and modules. It has more than 5000 employees. The core team of the company has over 20 years of experience in the semiconductor and photovoltaic industries. Xiaohua Xu, the founder and chairman of the company, used to be the vice president of Hanergy Thin Film Group and was responsible for the research and development of hetero junction technology. It was recognized as a National High-Tech Enterprise.  In March 2023, it raised series C funding. 

Huasun's business is silicon hetero junction solar cell and module technology and application. Its products can be categorized into 2 series, which are HJT Solar Module and HJT Solar Cell. Products within include Himalaya G12 Series and Himalaya M6 Series. The company can achieve 2.7GW annual production of hetero junction solar cells and modules. Products were used in projects such as 350MW ground power plant in Bulgaria, 6MW ground power plant in Hamamatsu, and 10MW water power plant in Shouguang.

## Funding rounds

- Series C, Nov 15, 2023, $277M — China Post Life Insurance, Bank of China Asset Management, China Xinxing Asset Management, Originvest Capital, CGDG
- Series B, Mar 17, 2023, $58M — Hongtai Aplus
- Series B, Jan 19, 2023, $295M — Puhua Capital, CNBM Investment, SDIC Unity Capital, Hefei State-Owned Assets Holding, Jinkong Qiyuan Capital, Shenzhen Jiuwan Investment, Dayone Capital, GLP Hidden Hill Capital, Nuoyan Capital, Kungang Capital
- Series A, Nov 16, 2021 — CMB International Asset Management, Puhua Capital, Hefei State-Owned Assets Holding, Winfast Holding, Xuancheng Kaishang Group, Xizi Group, Nuoyan Capital

## Investors

- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Series A
- Puhua Capital (https://capitalatlas.ai/funds/puhua-capital) — Series A, Series B
- Hefei State-Owned Assets Holding (https://capitalatlas.ai/funds/hefei-state-owned-assets-holding) — Series A, Series B
- Winfast Holding (https://capitalatlas.ai/funds/winfast-holding) — Series A
- Xuancheng Kaishang Group — Series A
- Xizi Group — Series A
- Nuoyan Capital — Series A, Series B
- CNBM Investment — Series B
- SDIC Unity Capital (https://capitalatlas.ai/funds/sdic-unity-capital) — Series B
- Jinkong Qiyuan Capital (https://capitalatlas.ai/funds/jinkong-qiyuan-capital) — Series B
- Shenzhen Jiuwan Investment — Series B
- Dayone Capital (https://capitalatlas.ai/funds/dayone-capital) — Series B
- GLP Hidden Hill Capital — Series B
- Kungang Capital — Series B
- Hongtai Aplus (https://capitalatlas.ai/funds/hongtai-aplus) — Series B
- China Post Life Insurance — Series C
- Bank of China Asset Management — Series C
- China Xinxing Asset Management — Series C
- Originvest Capital (https://capitalatlas.ai/funds/originvest-capital) — Series C
- CGDG — Series C