# SHANGHAI QIYUAN GAS DEVELOPMENT CO.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shanghai-qiyuan-gas-development-co

- Industry: Oil & Gas
- Headquarters: Shanghai, China
- Website: www.shqiyuangas.com
- Total disclosed funding: $30M
- Latest round: Series C (Oct 18, 2024)
- Investors on record: 5

## About

Based in Shanghai, China, and established in 2009, SHANGHAI QIYUAN GAS DEVELOPMENT CO.,LTD. is an electronic material company that focuses on electronic gases field. It is an electronic gas refining center and has acquired over 60 patents. The company has set up one subsidiary in Linyi and two subsidiaires in Shanghai. The electronic gases, Xenon and Krypton have been certified by South Korea's Samsung and South Korea's Hynix. In October 2021, SHANGHAI QIYUAN GAS DEVELOPMENT CO.,LTD. raised over CNY 100 million in series A funding. In October 2024, the company raised over CNY 100 million in series C funding led by SDIC Chuangyi.

The company operates 200 sets of air equipment to provide electronic gases, gases supply on-site, and related to equipment. The company has 20 kinds of electronic gases, including Krypton, Xenon, and Neon. The company's gases supply on-site include Nitrogen, Hydrogen, Oxygen, Argon and Helium, of which purity oxygen has been used in the semiconductor corporations, such as SMIC, YMTC. Those gases also can be used in the electronic display products, aerospace, and medical fields. 

QIYUAN generates revenue by providing xenon, krypton, helium, ultrapure oxygen, carbon dioxide and other electronic special gases.

The company will use the series C funding for the construction of the Sino-Korean joint venture electronic special gas production line and the expansion of bulk gas business in the central and western regions.

## Funding rounds

- Series C, Oct 18, 2024, $14M — SDIC Chuangyi
- Series A, Oct 14, 2021, $16M — Join Hands Capital, Shanghai Panxi Capital Management, Dingsheng Hechuang Investment Management (Beijing), Beijing Fenghui Taihe Investment Management

## Investors

- Join Hands Capital (https://capitalatlas.ai/funds/join-hands-capital) — Series A
- Shanghai Panxi Capital Management — Series A
- Dingsheng Hechuang Investment Management (Beijing) — Series A
- Beijing Fenghui Taihe Investment Management — Series A
- SDIC Chuangyi (https://capitalatlas.ai/funds/sdic-chuangyi) — Series C