# Shanghai Huayu New Material Technology Co.

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

- Industry: Materials
- Headquarters: Shanghai, China
- Latest round: Angel (May 9, 2022)
- Investors on record: 2

## About

Founded in 2012 and based in Shanghai, China, Shanghai Huayu New Material Technology Co., Ltd operates as a new material technology company that focuses on the research and development of carbon fiber materials. Xuduo Yu, the company's CEO, has worked in the Purchasing Department of Ford of Canada. In May 2022, it closed angel funding from new investors Frees Fund and Shanghai Pudong Hi-tech Investment. In October 2023, Huayu New Material Technology raised pre-series A+ funding from Silicon Harbour Investment and Septwolves Holding.

The company's main products include carbon fiber drive shafts, carbon fiber electric drive rotor spindles & sheaths, etc. The rotor and sheath are important components of the electric drive system of the new energy vehicle. The company's products are used in wind power, aerospace, sports and leisure, and automotive industries.

The company will focus on the expansion of carbon fiber driveshaft production capacity as well as the R&D and application of carbon fiber materials in electric drives for new energy vehicles.

## Funding rounds

- Angel, May 9, 2022 — Shanghai Pudong Hi-tech Investment, Frees Fund

## Investors

- Shanghai Pudong Hi-tech Investment (https://capitalatlas.ai/funds/shanghai-pudong-hi-tech-investment) — Angel
- Frees Fund (https://capitalatlas.ai/funds/frees-fund) — Angel