# Ict Developer

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ict-developer

- Industry: Power & Utilities
- Headquarters: Shanghai, China
- Website: www.gict-developer.com/
- Latest round: Series A (Mar 31, 2025)
- Investors on record: 7

## About

Established in 2019 and based in Shanghai, China, Ict Developer is a green and sustainable fuel production company. The company was formed by Shanghai Alliance Investment, Shaanxi Coal and Chemical Industry Group, Lu An Group, Huayang New Material Technology Group, and other companies. In March 2025, it closed a series A+ funding. The company’s main business is focusing on the hydrogen energy industry chain of “hydrogen production, storage, and utilization, aiming to build a future-oriented hydrogen energy ecosystem. The company’s self-developed products include sustainable aviation fuel (SAF), green methanol, green hydrogen, and green ammonia. Its products are used in the fields of aviation, energy, and chemical industry. Ict Developer generates revenue by providing hydrogen energy solutions, selling green fuels, and offering related technical services. The company will use the series A funding for the construction of green methanol and sustainable aviation fuel (SAF) projects.

## Funding rounds

- Series A, Mar 31, 2025 — Casstar Capital, CITIC Trust PE, CAS Venture Capital, National Green Development Fund, Kundian Investment, Shanghai Pianxuan Private Equity Fund Management Co., Ltd
- Series A, Dec 30, 2024 — Shanghai Alliance Investment, Casstar Capital, CITIC Trust PE, CAS Venture Capital, National Green Development Fund, Shanghai Pianxuan Private Equity Fund Management Co., Ltd

## Investors

- Shanghai Alliance Investment — Series A
- Casstar Capital (https://capitalatlas.ai/funds/casstar-capital) — Series A
- CITIC Trust PE (https://capitalatlas.ai/funds/citic-trust-pe) — Series A
- CAS Venture Capital (https://capitalatlas.ai/funds/cas-venture-capital) — Series A
- National Green Development Fund (https://capitalatlas.ai/funds/national-green-development-fund) — Series A
- Shanghai Pianxuan Private Equity Fund Management Co., Ltd — Series A
- Kundian Investment — Series A