# Jnico

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

- Industry: Energy Storage & Batteries
- Headquarters: Shenzhen, China
- Website: www.jcnico.com
- Total disclosed funding: $15M
- Latest round: Series B (Mar 15, 2023)
- Investors on record: 11

## About

Based in Shenzhen, China, and established in 2012, Jnico is a new energy company that engages in recycling, processing and selling lithium batteries. The company is headquartered in Shenzhen and has lithium recycling industry bases in Huizhou, Jiangmen and Jiangsu. The company obtained the qualification of environmental assessment record for collection and storage of used lithium batteries in Shenzhen in 2020, and then established an industry-university-research cooperation base with Central South University. It passed ISO9001, ISO14001 and ISO45001 system certification. The firm has an annual comprehensive lithium battery processing capacity of 200,000 tons, and has also been recognized as a national high-tech enterprise. In March 2023, Jnico raised series B funding from new investors Shenzhen Capital Group  Jiangmen Xinhui Xinke, He Rong Capital, Chifortune Venture Capital, He Rong Capital, Homwom Capital Management, Jiangsu Pingling Construction Investment Group, and returning investor Shenzhen Longgang Financial Investment Holdings.


The company's main business is the research and development, recycling, storage, processing and sales of retired power batteries and lithium battery-related waste materials for the recycling of new energy vehicles, including the recovery and procurement of retired lithium batteries, storage and transfer, secondary use, disassembly and regeneration and metallurgical refining. The products produced after recycling include energy storage cabinets, low-speed vehicle battery packs, recycled lithium cobaltate powder, lithium iron phosphate powder, etc.

## Funding rounds

- Series B, Mar 15, 2023 — Shenzhen Capital Real Estate Fund, Chifortune Venture Capital, Homwom Capital Management, Boyun Venture Capital, Shenzhen Longgang Financial Investment Holdings, Jiangsu Pingling Construction Investment Group, He Rong Capital
- Series A, Jul 25, 2022, $15M — China Everbright, Yuecai Zhongyin Private Equity, Shenzhen Longgang District Venture Investment Guidance Fund, Sunny Creative Capital

## Investors

- China Everbright (https://capitalatlas.ai/funds/china-everbright) — Series A
- Yuecai Zhongyin Private Equity (https://capitalatlas.ai/funds/yuecai-zhongyin-private-equity) — Series A
- Shenzhen Longgang District Venture Investment Guidance Fund — Series A
- Sunny Creative Capital (https://capitalatlas.ai/funds/sunny-creative-capital) — Series A
- Shenzhen Capital Real Estate Fund (https://capitalatlas.ai/funds/shenzhen-capital-real-estate-fund) — Series B
- Chifortune Venture Capital (https://capitalatlas.ai/funds/chifortune-venture-capital) — Series B
- Homwom Capital Management (https://capitalatlas.ai/funds/homwom-capital-management) — Series B
- Boyun Venture Capital (https://capitalatlas.ai/funds/boyun-venture-capital) — Series B
- Shenzhen Longgang Financial Investment Holdings (https://capitalatlas.ai/funds/shenzhen-longgang-financial-investment-holdings) — Series B
- Jiangsu Pingling Construction Investment Group — Series B
- He Rong Capital — Series B