# Hugele

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

- Industry: Materials
- Headquarters: Zhuji, China
- Website: www.hugele.cn/
- Total disclosed funding: $14M
- Latest round: Series B (Aug 3, 2025)
- Investors on record: 3

## About

Based in China, Hugele is a supplier of advanced composite materials specializing in innovative high-performance electrode foils, serving various sectors including automotive, aerospace, and renewable energy.Founded in 2019, Hugele operates out of Zhuji, China, focusing on the production of advanced composite materials. The company has executed 2 deals, with its latest funding round being a Series B, raising CNY 100 million on August 3, 2025, led by CITIC Goldstone Fund Management and including Coastalwin Fund and SMECG Talent Equity Investment Fund Management. The total amount raised is CNY 100 million.Hugele specializes in producing high-performance composite three-dimensional electrode foils through an innovative nanoparticle coating technique, replacing traditional electrochemical etching. This enhancement significantly boosts the specific surface area of their products, making them suitable for various sectors like high-end lighting, telecommunications, automotive electronics, aerospace, military applications, renewable energy, and robotics, catering to major capacitor manufacturers globally.Hugele engages in B2B transactions, primarily through direct sales to leading capacitor manufacturers in domestic and international markets. Their revenue model centers on the flagship product, the high-performance composite three-dimensional electrode foil, and includes long-term contracts that ensure a steady revenue stream, with transactions typically involving bulk orders.In August 2025, Hugele raised CNY 100 million in Series B funding to support expansion in production scale, aimed at fulfilling the growing order demands from downstream customers. The company plans to launch several new products in the upcoming year, while also targeting expansion into international markets across Europe and North America by 2026.

## Funding rounds

- Series B, Aug 3, 2025, $14M — CITIC Goldstone Fund Management, SMECG Talent Equity Investment Fund Management, Coastalwin Fund

## Investors

- CITIC Goldstone Fund Management (https://capitalatlas.ai/funds/citic-goldstone-fund-management) — Series B
- SMECG Talent Equity Investment Fund Management (https://capitalatlas.ai/funds/smecg-talent-equity-investment-fund-management) — Series B
- Coastalwin Fund — Series B