# ITUO Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ituo-energy

- Industry: Oil & Gas
- Headquarters: Xi'an, China
- Total disclosed funding: $11M
- Latest round: Series A (Nov 1, 2012)
- Investors on record: 1

## About

Established in 2004 and based in Xi'an, China, ITUO Energy is an investment and operation group company focusing on the development and utilization of coalbed methane. The company's main business is the development and utilization of coalbed methane, with headquarters located in Xi'an, Shaanxi Province and branches in Guizhou, Shanxi, Inner Mongolia, etc. In 2005, the company built the first coalbed methane power plant in Northwest China. In November 2012, the company closed a round of series A funding.

The company's main business is new energy investment (coal bed methane development and utilization), coal mine (gas) power generation project investment and CDM project development. It also includes the construction of coal bed methane power plants.

## Funding rounds

- Series A, Nov 1, 2012, $11M — GSR United Capital

## Investors

- GSR United Capital (https://capitalatlas.ai/funds/gsr-united-capital) — Series A