# Shenzhen Ace Battery Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shenzhen-ace-battery-co

- Industry: Energy Storage & Batteries
- Headquarters: Shenzhen, China
- Website: www.acebattery.com
- Total disclosed funding: $44M
- Latest round: Series B (Jan 19, 2023)
- Investors on record: 6

## About

Established in 2020 and based in Shenzhen, China, Shenzhen Ace Battery Co.,Ltd is an energy battery research, development and production company that focuses on the development, production and sales of lithium-ion and lithium iron phosphate battery packs. The company has passed IATF16949, ISO9001, ISO14001, UL1973, CE, CB, IEC, UN38.3 certification as of 2022. It has employs over 1,000 people and has five production bases.

The company's main business is the development, production and sales of lithium-ion and lithium iron phosphate battery packs. Their self-developed include battery cells such as cylindrical cells, lithium iron phosphate and bag cell, battery pack such as two-wheeler battery, medical battery, aerial work platform battery and material handling battery. Their products are used in the field of electric vehicles, motorcycle starters, RVs, golf carts, aerial work platforms, material handling, gardening tools, industrial cleaning and healthcare.

## Funding rounds

- Series B, Jan 19, 2023, $44M — CLSA Capital Partners, Oriental Fortune Capital, CoStone Capital, Shenzhen Guozhong Venture Capital, Asia Green Fund, Qianhai CSSC Equity Investment Fund Management

## Investors

- CLSA Capital Partners (https://capitalatlas.ai/funds/clsa-capital-partners) — Series B
- Oriental Fortune Capital (https://capitalatlas.ai/funds/oriental-fortune-capital) — Series B
- CoStone Capital (https://capitalatlas.ai/funds/costone-capital) — Series B
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series B
- Asia Green Fund (https://capitalatlas.ai/funds/asia-green-fund) — Series B
- Qianhai CSSC Equity Investment Fund Management (https://capitalatlas.ai/funds/qianhai-cssc-equity-investment-fund-management) — Series B