# Shanghai Electric (Anhui) Energy Storage Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-electric-anhui-energy-storage-technology

- Industry: Energy Storage & Batteries
- Headquarters: Hefei, China
- Total disclosed funding: $55M
- Latest round: Series A (Sep 12, 2023)
- Investors on record: 6

## About

Based in Shanghai, China, and founded in 2019, Shanghai Electric (Anhui) Energy Storage Technology is an energy storage company that provides customers with energy storage equipment and full lifecycle solutions. It is a subsidiary of Shanghai Electric Group. It signed strategic cooperation agreements with Liangshan Prefecture in Sichuan Province, Chaohu Economic Development Zone in Anhui Province, and Taobei District in Baicheng City, Jilin Province. In September 2023, Shanghai Electric (Anhui) Energy Storage Technology raised CNY 400 million in series A funding.

The company is engaged in the long-term energy storage field of liquid current battery materials, stacks, system integration of research and development, manufacturing, and sales, and provides customers with energy storage equipment and the whole life cycle solution. It has developed KW and MW-level liquid flow battery energy storage products and 5kW/25kW/32kW/65kW series battery stacks. The products have been exported to overseas markets such as Japan, Australia, and Europe.

## Funding rounds

- Series A, Sep 12, 2023, $55M — CoStone Capital, HY Energy Group, Neovision Capital, Ansteel Group Capital Holdings, Huaqiang Capital, Shanghai Guojun Venture Capital Longbo Asset management

## Investors

- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series A
- HY Energy Group — Series A
- Neovision Capital (https://capitalatlas.ai/funds/neovision-capital) — Series A
- Ansteel Group Capital Holdings — Series A
- Huaqiang Capital (https://capitalatlas.ai/funds/huaqiang-capital) — Series A
- Shanghai Guojun Venture Capital Longbo Asset management — Series A