# Shanghai Kunhua New Energy Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-kunhua-new-energy-technology

- Industry: Energy Storage & Batteries
- Headquarters: Shanghai, China
- Total disclosed funding: $14M
- Latest round: Series B (Jul 1, 2023)
- Investors on record: 2

## About

Established in 2021 and based in Shanghai, China, Shanghai Kunhua New Energy Technology is an energy storage and battery company that focuses on fuel cell technology and product application development. By the end of June 2023, the company has put into operation more than 100 vehicles with a cumulative battery range of more than 4.8 million kilometers and a cumulative reduction in CO2 emissions of more than 5.3 million kilograms. In July 2023, it raised over CNY 100 million in series B funding led by returning investor Shanghai Shenneng Real Estate Co.,Ltd., with participation from new investor Beijing Zhongtu Tuling Fund Management.

The company engaged in the design and development of 500kW~1MW hydrogen energy storage power generation systems. It has developed its own 80~250kW high-power fuel cell engine system and related core components, such as hydrogen circulation pump, air compressor controller, humidifier, and high-pressure hydrogen storage bottle valve. Its products are used in the field of commercial distributed generation, combined heat and power, IDC backup power, hydrogen energy storage and smart transportation.

## Funding rounds

- Series B, Jul 1, 2023, $14M — Zhongtu Tuling Capital, Shanghai Shenneng Real Estate Co.,Ltd.

## Investors

- Zhongtu Tuling Capital (https://capitalatlas.ai/funds/zhongtu-tuling-capital) — Series B
- Shanghai Shenneng Real Estate Co.,Ltd. — Series B