# Nancal Energy-saving Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nancal-energy-saving-technology-co

- Industry: Software
- Headquarters: Beijing, China
- Website: www.nancal.com
- Total disclosed funding: $24M
- Latest round: Series A (Jun 9, 2011)
- Investors on record: 1

## About

Nancal Energy-saving Technology Co., Ltd. is a technology firm focused on providing innovative digital transformation solutions for the manufacturing industry, enhancing operational efficiency and automating processes through advanced software and AI technologies.Founded in 2006 and headquartered in Beijing, China, Nancal Energy-saving Technology Co., Ltd. specializes in digital transformation solutions for manufacturing. The company has completed a Series A funding round in October 2016, raising CNY 153.910 mn, all of which has been utilized to enhance its service offerings. Nancal has been involved in a total of 2 deals, with the latest investment coming from China Science & Merchants Capital Management. The founder's previous entrepreneurial history is not documented.Nancal Technology Co., Ltd. specializes in providing digital transformation solutions tailored for the manufacturing sector. The core offerings include industrial software and AI Agent products that facilitate the digitalization and intelligent automation of industrial enterprises. Leveraging technologies such as digital twins and artificial intelligence, Nancal supports clients in achieving their business objectives through smart transformation. Its clients primarily consist of large industrial firms across sectors such as high-tech electronics, automotive manufacturing, finance, and energy, with products marketed both domestically and internationally.In the most recent year, 2021, Nancal Technology reported a revenue of CNY 176,833,527.70 and an EBITDA of CNY 40,099,617. The company generates revenue through a structured transaction model that includes B2B partnerships and direct sales, utilizing various pricing plans including subscription-based models for its AI solutions. Flagship offerings encompass comprehensive digital factory solutions and ERP software tailored for financial management and research and development, supported by long-term contracts with industrial clients. Strategic partnerships, notably with Huawei Cloud, enhance revenue potential through collaborative projects.Nancal Energy-saving Technology Co., Ltd. is strategically positioned for growth, aiming to launch new products designed to further digital transformation solutions for the manufacturing sector. The company is planning to expand into international markets, targeting regions in Asia and Europe by 2025. The recent Series A funding will be instrumental in supporting these initiatives, particularly in product development and market entry strategies. In October 2016, Nancal completed its IPO, marking a significant milestone in its growth trajectory.

## Funding rounds

- Series A, Jun 9, 2011, $24M — China Science & Merchants Capital Management

## Investors

- China Science & Merchants Capital Management (https://capitalatlas.ai/funds/china-science-merchants-capital-management) — Series A