# Ruilong Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ruilong-technology

- Industry: Environmental Services
- Headquarters: Ganzhou, China
- Latest round: Series A (Oct 31, 2023)
- Investors on record: 5

## About

Based in Ganzhou, China, and established in 2016, Ruilong Technology operate as a provider of industrialized battery recycling solutions that focuses on power batteries, and 3C electronic batteries. It established four recycling factories, including battery disassembling factories, and wet smelting factories. The company was selected by the Ministry of Industry and Information Technology (MIIT) as a power battery recycling whitelist in 2022, and was honored as a national "Specialized, Specialized and New" small and medium-sized enterprise in 2023. In October 2023, Ruilong Technology raised series A+ funding from new investor Xiaomi Private Equity Fund Management.

Ruilong Technology provides lithium-ion battery recycling utilization services of automotive power batteries and digital batteries. It adopts the wet smelting process to extract lithium, nickel, and cobalt, and the recycling rate of lithium can reach 90%, and the recycling rate of nickel and cobalt can reach 98%. The company has 100,000 tons of battery dismantling and crushing capacity, wet smelting capacity for battery-grade cobalt products, battery-grade nickel products and battery-grade lithium carbonate products.

## Funding rounds

- Series A, Oct 31, 2023 — Xiaomi Private Equity Fund Management
- Series A, Jan 4, 2023 — NIO Capital, Hongsun Investment Management, Midea Innovation Investment, Hanhui Capital

## Investors

- NIO Capital (https://capitalatlas.ai/funds/nio-capital) — Series A
- Hongsun Investment Management (https://capitalatlas.ai/funds/hongsun-investment-management) — Series A
- Midea Innovation Investment (https://capitalatlas.ai/funds/midea-innovation-investment) — Series A
- Hanhui Capital — Series A
- Xiaomi Private Equity Fund Management (https://capitalatlas.ai/funds/xiaomi-private-equity-fund-management) — Series A