# Ray Power

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ray-power

- Industry: Power & Utilities
- Headquarters: Beijing, China
- Website: www.raypwr.com
- Total disclosed funding: $4M
- Latest round: Series D (Jun 11, 2018)
- Investors on record: 4

## About

Established in 2011 and based in Beijing, China, Ray Power is a technology company that provides overall energy storage solutions. In June 2018, the firm raised series D funding from new investor Baichuan Huida Investment. In 2022, the company established the Fangshan R&D Center. It has won honors such as the TOP 10 Energy Storage Application Innovation Model and Top 10 Energy Storage Power Station Brand Enterprises in 2018, and the Top 25 Clean Technology Companies in Asia Pacific in 2021.

The company's main business is to provide overall energy storage solutions. It develops, builds and operates frequency modulation power stations in Shanxi, Inner Mongolia, Guangdong and other regions. The company also provides immersion lithium battery products.

The company’s revenue is generated by providing overall energy storage solutions.

## Funding rounds

- Series D, Jun 11, 2018 — Baichuan Huida Investment
- Series C, Dec 8, 2017 — Summitview Capital, XT Venture
- Series A, Feb 21, 2012, $4M — Kaiwu Capital

## Investors

- Kaiwu Capital (https://capitalatlas.ai/funds/kaiwu-capital) — Series A
- Summitview Capital (https://capitalatlas.ai/funds/summitview-capital) — Series C
- XT Venture — Series C
- Baichuan Huida Investment (https://capitalatlas.ai/funds/baichuan-huida-investment) — Series D