# Libode

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

- Industry: Materials
- Headquarters: Yibin, China
- Website: www.libode.com.cn
- Total disclosed funding: $375M
- Latest round: Series B (Apr 12, 2023)
- Investors on record: 19

## About

Based in Yibin, China, and established in 2017, Libode is a new material company that engages in the R&D, manufacturing, and sales of lithium-ion battery cathode materials and supporting precursors. The company is a joint venture that was co-established by Guoguang Electric Company Limited, Yibin Tianyuan Group Co., Ltd., Jiangsu Guotai Huading Investment, Yibin Xinxing Industry Investment Group, and other state-owned and listed corporations. It has two subsidiaries, Yibin Guanyuan Lithium Material, and Yibin Tianyuan Lithium Material. As of 2023, it has filed 191 patent applications (of which a total of 114 patents were granted, including 48 invention patents). In April 2023, it raised CNY 2.578 billion in series B funding from new investors CD Capital, China Securities, CICC Capital, Farasis China, Leaguer Group, and other investors.

Libode provides lithium battery cathode materials and supporting precursors. Products include lithium nickel aluminum cobalt oxide (NCA), nickel cobalt manganese (NCM) 5 series, NCM 8 series, quaternary materials, and cobalt-free high voltage ultra-high nickel and low cobalt, lithium-rich manganese-based, and sodium-ion battery cathode materials. Those materials can be used in the fields of new energy, high-end power tools, and energy storage.

The company will expand its production capacity, including ternary cathode material project with an annual capacity of 150,000 tons and precursor project with an annual capacity of 100,000 tons.

## Funding rounds

- Series B, Apr 12, 2023, $375M — China International Capital Corporation, Leaguer Group, Shenzhen Green Eco-Manufacture Hi-Tech Co., Ltd, China Capital Management, GAC Capital, Farasis Energy, Hongsun Investment Management, CD Capital, Zhejiang Rongsheng Venture Capital, Xiamen Xiangyu Venture Capital Management, Chengdu Venture Capital, Yuntai Capital, Nan Yue Fund, Zhishang Capital, Hainan Yuanyou Private Equity Fund Management, Sino-Singapore Hefei (Chongqing) Equity Investment Fund Management, Thinkfund Investment, Foshan Selmic Fund Management, Hangzhou Yuanyi Investment Management

## Investors

- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series B
- Leaguer Group (https://capitalatlas.ai/funds/leaguer-group) — Series B
- Shenzhen Green Eco-Manufacture Hi-Tech Co., Ltd — Series B
- China Capital Management (https://capitalatlas.ai/funds/china-capital-management) — Series B
- GAC Capital (https://capitalatlas.ai/funds/gac-capital) — Series B
- Farasis Energy — Series B
- Hongsun Investment Management (https://capitalatlas.ai/funds/hongsun-investment-management) — Series B
- CD Capital — Series B
- Zhejiang Rongsheng Venture Capital — Series B
- Xiamen Xiangyu Venture Capital Management — Series B
- Chengdu Venture Capital (https://capitalatlas.ai/funds/chengdu-venture-capital) — Series B
- Yuntai Capital (https://capitalatlas.ai/funds/yuntai-capital) — Series B
- Nan Yue Fund (https://capitalatlas.ai/funds/nan-yue-fund) — Series B
- Zhishang Capital (https://capitalatlas.ai/funds/zhishang-capital) — Series B
- Hainan Yuanyou Private Equity Fund Management (https://capitalatlas.ai/funds/hainan-yuanyou-private-equity-fund-management) — Series B
- Sino-Singapore Hefei (Chongqing) Equity Investment Fund Management — Series B
- Thinkfund Investment (https://capitalatlas.ai/funds/thinkfund-investment) — Series B
- Foshan Selmic Fund Management — Series B
- Hangzhou Yuanyi Investment Management — Series B