# HydroTransformer

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

- Industry: Renewable Energy
- Headquarters: Xi'an, China
- Website: www.hydrotransformer.com
- Total disclosed funding: $29M
- Latest round: Series A (Nov 1, 2023)
- Investors on record: 3

## About

Established in 2021 and based in Xi'an, China, HydroTransformer operates as an organic liquid hydrogen storage technology developer that provides hydrogen storage and release catalysts, organic hydrogen carriers, hydrogen storage and release devices. It was established by Qin Chuang yuan and Xi'an Jiaotong University. The company is headquartered in Shaanxi and has a factory covering an area of 34 acres in Xianyang. The core research team has more than ten years of R&D experience in LOHC technology. In March 2022, the company's annual output of 10,000 tons of organic liquid hydrogen storage materials and supporting catalysts project officially landed in Binzhou. In October 2022, it established the Xi'an R&D center. In November 2023, the company raised approximately CNY 100 million in series A funding led by Shenzhen Guozhong Venture Capital, with participation from Xi'an Finance Investment Management. The company cooperates with SPIC, China Petroleum and Ekia Group, etc. 

The company engages in the research and development of liquid organic hydrogen carriers (LOHC). LOHC is a non-toxic, non-flammable and non-explosive non-hazardous chemicals. Its products include hydrogen refueling station, LOHC hydrogen energy storage power station, Hydrogen Energy skid-mounted organic liquid production and storage machine, and LOHC hydrogen power high-power vehicle.

The company will invest in the factory production in the second quarter of 2024 and implementing commercial demonstration projects, including offshore wind power and "Shagohuang" photovoltaic from 2024.

## Funding rounds

- Series A, Nov 1, 2023, $14M — Shenzhen Guozhong Venture Capital, Xi'an Finance Capital
- Angel, Apr 22, 2022, $15M — HSG

## Investors

- HSG (https://capitalatlas.ai/funds/hsg) — Angel
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series A
- Xi'an Finance Capital (https://capitalatlas.ai/funds/xi-an-finance-capital) — Series A