# Nantong Beixin

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nantong-beixin

- Industry: Environmental Services
- Headquarters: Qidong, China
- Total disclosed funding: $15M
- Latest round: Series A (Mar 29, 2021)
- Investors on record: 2

## About

Established in 2012 and based in Jiangsu, China, Nantong Beixin is a company that engages in the recovery and reuse of power batteries. The company has passed LG's verification and entered Daimler's supply chain system. The company's main business is power batteries recycling and reuse. Through extraction of valuable elements from obsolete batteries, material performance repair, harmless treatment of residual materials and other technologies, the company can leach major metal elements such as nickel, cobalt, manganese and lithium from waste batteries to realize recycling. Revenue is generated through providing power batteries recycling solutions to its core customers that are companies in the precursor, cathode and nickel-cobalt industries. The company will continuously invest in innovation and research and development, forming a unique short-process, full-recycling, high-purification, low-energy consumption and zero-emission process system.

## Funding rounds

- Series A, Mar 29, 2021, $15M — Yingke Private Equity, Fresh Capital

## Investors

- Yingke Private Equity (https://capitalatlas.ai/funds/yingke-private-equity) — Series A
- Fresh Capital (https://capitalatlas.ai/funds/fresh-capital) — Series A