# Nobalk

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

- Industry: Energy Storage & Batteries
- Headquarters: Beijing, China
- Total disclosed funding: $1M
- Latest round: Angel (Mar 1, 2017)
- Investors on record: 2

## About

Established in 2015 and based in Beijing, China, Nobalk is a power lithium battery developer that focuses on the development and production of lithium batteries for electric vehicles. Founder Liu Qingpeng graduated from Tsinghua University. The company's production bases are located in Dezhou, Liangang and Sherxiu, and its R & D center is located in Suzhou In March 2017, the company raised CNY 5 million in funding from Taiyou Fund and Woying Capital. 

The company is dedicated to the research and development of automotive power batteries, developing lithium battery systems, electric vehicle power exchange stations, and electric bicycle power exchange cabinets. It focuses on government agencies and also develops shared electric official vehicles.

The company generates revenue by providing power lithium battery products such as automotive lithium battery systems.

## Funding rounds

- Angel, Mar 1, 2017, $0.7M — Taiyou Fund, Woying Capital
- Angel, Aug 1, 2016, $0.3M — Taiyou Fund, Woying Capital

## Investors

- Taiyou Fund — Angel
- Woying Capital — Angel