# HYFUN

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

- Industry: Renewable Energy
- Headquarters: Shanghai, China
- Website: www.hyfun.cn
- Latest round: Series D (Sep 28, 2023)
- Investors on record: 4

## About

Founded in 2016 and based in Shanghai, China, HYFUN is a new energy technology company focuses on industry chain products and solutions for hydrogen energy production, storage, transportation and application. It was recognized as a high-tech enterprise, and passed ISO quality management certification. The company serves as the hydrogen energy co-construction unit of the National Technical Standard Innovation Base and the vice chairman unit of the Yangtze River Delta Hydrogen Energy Infrastructure Industry Alliance. In 2022, the company established a production base in Yixing, Jiangsu, and set up branches in Singapore and Malaysia. It has built 70 hydrogenation stations and hydrogenation systems and participated in the operation of 11 hydrogenation stations. In September 2023, it closed series D funding.

The company's main business can be divided into three major categories, the construction and operation of hydrogenation stations, hydrogenation station equipment, and magnesium-based solid-state hydrogen storage equipment. Products include D3 series hydrogenation machines, S2 series gas unloading cabinets, Howden compressors, and magnesium-based solid-state hydrogen storage vehicles. It also owns total hydrogen management system and digital management platform for hydrogen operation and equipment management.

## Funding rounds

- Series D, Sep 28, 2023 — SB China Venture Capital, MY Tsinghua Capital, Qing dao Ocean Investment Group, Yixing Environmental Protection Technology Innovation and Entrepreneurship Investment

## Investors

- SB China Venture Capital (https://capitalatlas.ai/funds/sb-china-venture-capital) — Series D
- MY Tsinghua Capital — Series D
- Qing dao Ocean Investment Group — Series D
- Yixing Environmental Protection Technology Innovation and Entrepreneurship Investment — Series D