# Mingyang Qingneng

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mingyang-qingneng

- Industry: Oil & Gas
- Headquarters: Beijing, China
- Total disclosed funding: $28M
- Latest round: Series A (Nov 28, 2024)
- Investors on record: 4

## About

Established in 2023 and based in Beijing, China, Mingyang Qingneng is an energy company that focuses on the development and manufacture of core hydrogen energy equipment. In November 2024, it raised a series A+ funding for over CNY 100 million.

The company's main business is the manufacture of new energy prime movers, the manufacture and sale of gas and liquid separation and purification equipment, research and development of energy recovery systems, the research and development of on-line energy monitoring technology, and sale of hydrogen refuelling and storage facilities for stations. Its self-developed products include hydrogen production electrolysers and fuel cells for power generation.

Mingyang Qingneng generates revenue by providing hydrogen energy equipment and related technology services.

The series A+ funding will help the company's in research and development and market expansion in the field of hydrogen energy and accelerate the commercialization of the hydrogen energy industry.

## Funding rounds

- Series A, Nov 28, 2024, $14M — BAIC Capital, Changkejin  Investment, Suzhou Yongxin Fangzhou Investment
- Series A, Feb 8, 2024, $14M — GL Ventures

## Investors

- GL Ventures (https://capitalatlas.ai/funds/gl-ventures) — Series A
- BAIC Capital (https://capitalatlas.ai/funds/baic-capital) — Series A
- Changkejin  Investment — Series A
- Suzhou Yongxin Fangzhou Investment (https://capitalatlas.ai/funds/suzhou-yongxin-fangzhou-investment) — Series A