# Shanghai Baiaoheng New Material Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-baiaoheng-new-material-co

- Industry: Materials
- Headquarters: Shanghai, China
- Total disclosed funding: $25M
- Latest round: Series A (Mar 6, 2024)
- Investors on record: 6

## About

Founded in 2013 and based in Shanghai, China, Shanghai Baiaoheng New Material Co., Ltd. is a new material company that focuses on the production of low-carbon geopolymer cementitious materials. The company's CEO is Peng Wei. In March 2024, it raised series A+ funding for CNY 100 million. The company has established polymer low-carbon cement sites in Jiaozuo and Shizuishan. It has partnerships with Ningxia Jiaocheng, Jiangsu Yueda, and Nan Yue Group. The founder of the company, Peng Wei, has more than 20 years of experience in exporting inorganic raw materials for building materials.

The company's main product is low-carbon geopolymer cementitious materials. Low-carbon geopolymer cementitious materials are used in road foundations, ordinary aerated walls, ordinary non-structural concrete products, high-strength lightweight aggregates, etc. In addition, it provides services for the environmentally sound disposal of municipal waste incineration fly ash and the resource utilization of industrial waste salt.

The company will use the series A+ funding for green low-carbon material technology investment and product development, as well as recruiting research talents. The company plans to complete the construction and start production of its Yancheng site in October 2024, with a production capacity of 1 million tons in the first phase and 3 million tons in the third phase.

## Funding rounds

- Series A, Mar 6, 2024, $14M — Chengwei Capital, Yueda Capital, Asia Green Fund, Yijun (Guangzhou) Private Equity Fund Management, Zhijun Capital
- Series A, Jun 6, 2022, $7.5M — Chengwei Capital
- Angel, Feb 10, 2022, $3.1M — Zhengxuan Capital

## Investors

- Zhengxuan Capital (https://capitalatlas.ai/funds/zhengxuan-capital) — Angel
- Chengwei Capital (https://capitalatlas.ai/funds/chengwei-capital) — Series A
- Yueda Capital — Series A
- Asia Green Fund (https://capitalatlas.ai/funds/asia-green-fund) — Series A
- Yijun (Guangzhou) Private Equity Fund Management (https://capitalatlas.ai/funds/yijun-guangzhou-private-equity-fund-management) — Series A
- Zhijun Capital — Series A