# Ruigu Xincai

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ruigu-xincai

- Industry: Energy Storage & Batteries
- Headquarters: Quzhou, China
- Total disclosed funding: $14M
- Latest round: Angel (May 23, 2024)
- Investors on record: 3

## About

Established in 2023 and based in Quzhou, China, Ruigu Xincai is a new energy battery technology development and manufacturing company. In May 2024, it raised an angel funding for over CNY 100 million. The company has closed-loop technology and production supporting facilities in China and Japan that integrate R&D, production and testing.

The company’s main business is the research and development, as well as manufacturing, of new energy battery technologies. The company’s self-developed products include sulfide solid-state electrolyte batteries. Its products are used in power batteries, eVTOL and other fields.

The company generates revenue by providing new energy battery technologies, including solid-state electrolyte materials, to manufacturers and developers in the energy sector.

The company will use the angel funding to push forward the production line construction of the first phase of the all-solid-state electrolyte production project and put it into production in the first half of 2025.

## Funding rounds

- Angel, May 23, 2024, $14M — Goldport Capital, Chengming Capital, Longyou County Industrial Fund

## Investors

- Goldport Capital (https://capitalatlas.ai/funds/goldport-capital) — Angel
- Chengming Capital — Angel
- Longyou County Industrial Fund — Angel