# Rongke Power

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

- Industry: Energy Storage & Batteries
- Headquarters: Dalian, China
- Website: www.rongkepower.com
- Total disclosed funding: $146M
- Latest round: Series B (Apr 17, 2023)
- Investors on record: 5

## About

Based in Dalian, China, and founded in 2008, Rongke Power operates as a vanadium flow battery developer, providing container energy storage products, energy storage solutions, power station operation and maintenance products and services. As for 2023, the company has obtained more than 300 domestic and foreign patents, second prize of National technological invention and other certificates. Rongke Power also established four bases and one subsidiary. In 2018, the company developed the Reflex product. In April 2023, the firm raised over CNY 1 billion in series B funding led by new investor Eastern Bell Capital. Other new investor JT Group, unspecified investors, and returning investor Roton Capital also participated in the round. The round was part of a larger CNY 1 billion series B funding.

The company is committed to high performance battery material technology, high power density reactor technology, high efficiency battery system technology and other aspects of innovation research and development. Rongke Power's products include VPower series, TPower series, and UPower series. VPower series is a decoupled product of power and capacity. The VPower standard battery module consists of a power container, two external storage tanks, a battery management system, pipelines and other auxiliary components. Its products are used in aviation, energy, chemical and other industries.

## Funding rounds

- Series B, Apr 17, 2023, $146M — Legend Capital, DJT Group, Roton Capital
- Series B, Dec 13, 2022 — Jinding Capital
- Series A, Jan 17, 2022 — Zhongji Investment, Roton Capital

## Investors

- Zhongji Investment (https://capitalatlas.ai/funds/zhongji-investment) — Series A
- Roton Capital (https://capitalatlas.ai/funds/roton-capital) — Series A, Series B
- Jinding Capital (https://capitalatlas.ai/funds/jinding-capital) — Series B
- Legend Capital — Series B
- DJT Group — Series B